Sienna Private Equity, a value-oriented mid-market European private equity investment manager, has secured €400m in commitments from investors, for its inaugural investment vehicle Sienna Private Equity Fund I.
Sienna Private Equity focuses on opportunities across Europe with a primary focus on France and Italy. The team targets buy-and-build platforms and businesses in complex transactional contexts.
After a first closing of the fund in January 2024 with anchor capital provided by cornerstone investor Groupe Bruxelles Lambert (GBL), the firm successfully completed a second closing during the summer with tier-one institutional investors and family offices. Investors added over €125m of new commitments, in addition to close to €100m of co-investments already secured on the first two seed assets, bringing Sienna Private Equity’s total commitments to over €400m.
Sienna Private Equity Fund I is currently seeded with two portfolio companies – Eight Advisory and ECT. According to a press statement, Sienna Private Equity is also in exclusive discussions which should translate into additional transactions before year-end with potential co-investment opportunities for its investor partners.
Sienna Private Equity Fund I is close to its target fund size and will aim to hold its final closing between the last quarter of 2024 and first quarter of 2025. Houlihan Lokey is acting as advisor in the fundraising.
