Keensight holds €200m first close

Keensight IV is the first fund to be raised by the team since becoming independent from the Rothschild group in December 2013.

The latest vehicle will continue the investment strategy followed by the firm's previous three funds, backing profitable European businesses with revenues of €10-150m. 

Keensight IV has a €250m target, which it hopes to achieve by the end of the year. unquote" reported the launch of the vehicle in May.

Investors
The vehicle counts several European institutional investors among its LP base, including pension funds, insurance companies and banks. The Rothschild group has also made a capital commitment to the fund.

Investments
Keensight's average equity ticket will range from €10-30m. The vehicle will target minority and majority opportunities, with and without the use of leverage.

Particular focus will be given to businesses operating in the internet, media, IT, healthcare, energy and services sector.

People
John-Michel Beghin is managing partner at Keensight.

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