NEWS & VIEWS

Global private equity and venture capital news and research

Ardian closes €70m for new SME-focused fund

30 Apr 2014

paris_franceFrench private investment major Ardian has held a €70m final close for a new fund targeting small and medium-sized businesses.

The Ardian Croissance Fund close means the firm now has €300m of growth-focused capital under management.

Ardian said the strategy of its Innovation & Growth team, which raised the vehicle, was centred on France and continental Europe, targeting investments of up to €10m.

Most of the LP commitments came from European investors, the firm added.

The fund has already made investments IT engineering businesses Consort and online travel firm BravoFly.

Ardian I&G head Laurent Foata said, “We have been building up relationships with entrepreneurs for the last 15 years.

“Our two most recent investments, Consort NT and Bravofly, are good examples of the way we work with companies and their founders to fulfil and grow ambitious growth strategies.

“Our hands-on approach and expertise are differentiators and have both been vital in our investments and continuing relationships with companies.”

Copyright © 2014 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014