InfraVia Growth Fund reaches €270m first close

The fund was launched six months ago. The GP is targeting a final close on €500m before the end of 2020.

Established in 2008, InfraVia now has €4.7bn in assets under management and has made 30 investments across Europe to date. Prior to launching its growth equity activity, InfraVia raised a series of infrastructure funds. The latest of these, InfraVia European Fund IV, held a final close in 2018 on €2bn – it was double the size of its predecessor, raised just two years prior.

In parallel with the first close of the Growth Fund, InfraVia recruited an extra three team members: Nicolas Herschtel has joined as a partner, Raphael Pouteau as an investment director, and Julie Lewkowicz as an investment manager.

Investors
InfraVia has so far secured commitments from around 15 LPs, including French insurance companies, family offices and entrepreneurs (including Iliad founder Xavier Niel). BPI France was a cornerstone investor.

Investments
The new fund targets B2B tech businesses involved in digitalising corporates across Europe. InfraVia stated it would aim to bridge the gap between venture and buyout funding stages, thus targeting "scale-up" companies that already have an established business model and commercial momentum.

The fund will invest equity tickets of €10-50m.

People
InfraVia Capital Partners – Vincent Levita (founder, CEO).

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