Growth private equity firm Keensight Capital has held a first close of EUR200 million for its new fund Keensight IV.
With this fund, the fourth vehicle to be managed by the investment team, Keensight Capital will continue to execute the same strategy it has pursued with success throughout the years.
Keensight Capital supports entrepreneurs in their growth projects by investing amounts ranging from EUR10 million to EUR30 million, with or without leverage, in minority or majority shareholding positions.
The Rothschild Group has invested in the fund, along with various European institutional investors, such as pension funds, insurance companies and banks.
Jean-Michel Beghin, managing partner at Keensight Capital, says: “We are very pleased to announce the first closing of our new fund, which has been achieved in a very short timeframe. This fundraising is a testimony to the confidence that both existing and new investors place in us and we wish to thank them for their support. This success also acknowledges the good work of our investment team, which has a proven track-record thanks to its differentiated position within a market segment that has very few competitors in Europe. We now aim to conclude the final closing of this fund at EUR250 million by the end of the year.”
