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Idinvest closes fourth direct lending fund at EUR715m

Idinvest Partners has held the final closing of its fourth direct lending Fund (Idinvest Private Debt IV), at EUR715 million, surpassing its initial target of EUR600 million. More than 60 per cent of the investors are from outside France.

Since its launch in 2016, the Idinvest Private Debt IV fund has invested 60 per cent of its total commitments across 17 companies, of which more than 40 per cent are based outside France.
Focusing on the European lower mid-market segment (enterprise value of between EUR35m and EUR250 million), Idinvest’s Private Debt team arranges primarily unitranche financings for tickets ranging from EUR10 million to EUR75 million.
“We are delighted with the successful fundraising of our latest Private Debt investment vehicle. The team managed to increase geographical diversification across Europe, as almost half of the 2018 deals arranged were located outside France,” says François Lacoste and Eric Gallerne, Partners in charge of Private Debt at Idinvest.
“We are confident that the Private Debt market will continue to offer further opportunities for Idinvest moving forward. Our 10 years of experience in the European lower mid-market segment will be key to catch the best opportunities for our investors.”

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