After nearly two years on the road, Palamon Capital Partners has closed its latest fund on €210m, a significantly smaller amount than its €670m predecessor. The reduced fund size highlights continued difficulties in the fundraising market and GPs' willingness to adapt to the changing environment.
Fund has raised €1bn of its €1.1bn target and plans to hold a final close in Q1 2020
GP will take a minority stake, with the Reisenthel family as majority shareholders
Horizon expects to merge the two IT services providers to create a business with 300 developers
EQT deploys capital from its EQT VIII fund, which hit its €10.75bn hard-cap in 2018