Ardabelle Capital, the firm launched by former Eurazeo CEO Virginie Morgon, has reached a first close of about €250m for its inaugural fund, according to a report by Bloomberg citing people familiar with the matter. The vehicle is targeting roughly €500m in total commitments, and is aiming to reach that level next year.
The firm has people based across Europe and North America. Its target sectors include resource preservation, value chain digitisation, material circularity and sustainable logistics.
Participants in the fundraise include the European Investment Fund, Oddo BHF’s private equity division, Swen Capital Partners, and TPG Next, the TPG’s GP stakes strategy.
