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PRINT THIS PAGE Investindustrial closes third Southern European buy-out fund on €500m hard cap19/10/2005. Source: AltAssets. 
 Investindustrial has closed its third Southern European buy-out fund on the hard cap of €500m. Investindustrial III's original target was €440m.
The new fund has attracted a number of new investors and also received strong support from existing investors. A total of 42 per cent of the funds raised came from pension plans, insurance groups and banks, 35 per cent came from endowments and family offices, ten per cent from government funds and agencies, nine per cent from funds of funds, and four per cent from other investors. North American investors contributed 46 per cent, European institutional investors 42 per cent, and Asian investors 12 per cent.
Notable investors include Princeton University, ATP Private Equity Partners, New York Life Capital Partners, Wilshire Private Markets Group, Mn Services on behalf of its clients, Adveq, an Asian government investor and a large Ontario-based pension fund.
Andrea C Bonomi, chairman of Investindustrial, said, 'We are delighted with the continued support for our industrial strategy and by the excellent quality of investors who see value in our ability to develop businesses through operational enhancements. We placed a hard cap on this third fund to ensure continued investment discipline and that our team remains focused on the opportunities where we can add value.
'Since the 1990s, our strategy has consistently been focused on making control investments with a strong proprietary angle in the Italian and Spanish mid-market. We believe Investindustrial will continue to be the ideal partner to capitalise on the attractive opportunities in these markets, given our history, proven experience and strongly committed team. This continues the strategy of our successful 2000 fund,' Bonomi added.
Investindustrial has approximately €1bn of assets under management.
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