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Edmond de Rothschild LBO Fund II closes on €300m22/11/2007. Source: AltAssets. 
 Edmond de Rothschild Capital Partners, the private equity firm sponsored by the LCF Rothschild Group, has closed its second French lower mid-market fund, Edmond de Rothschild LBO Fund II, on €300m, the hard cap of the fund.
Existing French and international investors represent two thirds of total commitments. New investors include BP Pension, Equity Partners, Gartmore, Lehman Brothers Fund of Funds, Nordea Private Equity, RWB and WEGA Support. The LCF Rothschild Group also provided a commitment of €30m.
The investor base consists of 25 per cent pension funds, 25 per cent funds of funds, 20 per cent insurance companies, 20 per cent financial institutions and ten per cent family offices and corporates.
ERLF II mainly targets companies with enterprise values between €30m and €200m, in which the fund will make investments of between €10m and €60m. The main target industries are retail, business-to-business distribution, services, healthcare and media.
ERLF II is substantially larger than its predecessor, ERLF I, which closed in October 2004 on €210m. ELRF I made its first exit in March this year from luxury children's wear brand Bonpoint.
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