FRANCE - EdRIP holds first close of Winch Capital 2 on EUR 175m

The fund, which was initially launched in April 2009, will seek to hold a second closing at around EUR 200m in October 2009 and a final close in early 2010 at a maximum EUR 250m. The new fund takes over from the EUR 165m Winch Capital 1 fund, raised in December 2005.

The first closing sees the return of investors such as CNP, MACSF and Swiss Life from the previous fund as well as a number of new investors such as Caisse des Dépots, BNP Assurances, OFI Private Equity and a number of family offices.

Following the previous fund, Winch Capital 2 will invest in growth capital deals. Winch Capital will aim to take significant shareholdings in French SMEs with turnovers ranging from EUR 20-250m. The fund will commit between EUR 5-15m per investment.

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