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Progressio holds first close for Fund III

Progressio SGR, a Milan-based Italian mid-market private equity investment specialist, has held the first close of Progressio Investimenti III with EUR86 million of total commitments and and over 50 per cent re ups from Fund II.

Fund III is targeting a fund size of EUR225 million, and Progressio expects to complete a final close by the end of Q2 2018.

Progressio will continue its strategy of investing EUR25m to EUR30m equity tickets in sectors of Italian “excellence”, especially in the fashion & luxury, chemical & pharmaceuticals, industrials and food & beverage.

Progressio Partners are delighted with the response in first closing from investors to Fund III and the strong interest for second closing.  They look forward to delivering on behalf of their Limited Partners in Fund III.

Cebile Capital is the fundraising partner for Progressio Fund III.

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