Idinvest Partners reaches a EUR214m final close for Idinvest Secondary Fund II
European private equity investor Idinvest Partners has closed its second fund aimed at secondary deals at EUR214m, beating the fund’s initial EUR200m target.
Idinvest Secondary Fund II (ISF II) will follow its predecessor fund by focusing on mature secondary transactions in the European small and mid-market.
Christophe Bavière, CEO of Idinvest Partners, says: “We are very grateful for the support shown by our investors, some who have been with us for more than a decade. We are also pleased to have attracted new institutional investors and family offices, from Europe, North America and Asia, totalling over 35 per cent of ISF II’s committed capital. In a challenging environment where LPs are reducing the number of their relationships, investors have responded well to Idinvest’s disciplined strategy and consistent track-record.”
Christophe Simon, Idinvest Partners’ head of secondaries, says: “We believe Idinvest’s integrated platforms, which combine primary, secondary, private debt and co-investment capabilities, are key for sourcing high quality and proprietary deal-flow in the current market environment. ISF II will continue Idinvest’s differentiating investment focus on small and mature secondaries in the European mid-market, which we believe still presents a sizeable, attractive and under-exploited segment of the much larger mainstream secondary market.”
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