Hague-headquartered private equity firm Avedon Capital Partners has closed its NIBC Growth Capital II fund on €190m.
The firm’s first independent fund was closed after two years on the road, said PEI Media. The fund was launched in September 2011 when it held a €100m first close and a final close was initially expected at around €200m in the first half of 2012.
NIBC, Goldman Sachs Asset Management and the European Investment Fund were founding investors in the fund.
Avedon, which span out of European banking group NIBC in 2011, provides growth capital to small and medium sized businesses based in the Benelux and Germany.
The firm has made investments in 36 European companies via three vehicles including the latest fund.
In November last year Avedon backed the management buyout of German filtration products company Seebach.
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