ITALY - Xenon Private Equity closes fifth fund on EUR 150m
Italian lower mid-market buyout firm Xenon Private Equity has held a final close for its latest vehicle, Xenon V, on EUR 150m, surpassing its EUR 130m target.
The vehicle, which launched in November 2008, will focus on investments in companies with an enterprise value between EUR 20-50m. Xenon V expects to make between 12-15 investments of between EUR 7-10m over the life of the fund.
LPs comprise of fund-of-funds, insurance companies and pension funds based in Finland, Germany, Switzerland, the UK and the US.
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