PAI Partners has offered to return up to 50% of undrawn commitments back to investors in its fifth fund, following the departure of chief executive Dominique Megret and his right hand man Bertrand Meunier, which triggered a key man clause.
Anna Morrison joins from IFM Investors, where she managed the firm's fund-of-funds programme
Fund's predecessor, Isomer Capital Fund, closed on €150m in February 2016
Funding will be used to hire more staff, support product development and meet customer demand
True Core VII provides seed and early-stage capital, while True Select IV provides follow-on capital