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Swiss LODH Private Equity holds €300m first closing on fourth fund31/07/2008. Source: AltAssets. 
 Zurich, Switzerland-based LODH Private Equity, a subsidiary of Geneva-based private banking Group Lombard Odier Darier Hentsch, has held a first closing on its fourth fund, LODH Euro Choice IV, on €300m - half of the fund's €600m target.
The firm expects to hold a second closing in late September and a third and final closing by the end of this year. The fund does not have a hard cap.
LODH Euro Choice IV will focus on investments in European lower mid-market companies through regionally and nationally-anchored buy-out, growth capital and selective turnaround funds.
Three fund commitments for the fourth have already been warehoused, LODH Private Equity said in a statement. They total approximately €80m.
LODH Private Equity now has approximately €1.3bn in capital under management on behalf of North American, European and Middle Eastern investors.
The manager's previous fund of funds, Euro Choice III, closed on €493m at the end of 2006. Euro Choice II closed on €232m in 2004.
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