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Idinvest Partners beats target with €214m closing for secondaries fund

4 Apr 2014

Paris-headquartered private equity firm Idinvest Partners has closed its second fund focusing on the secondaries space on €214m, beating the fund’s initial €200m target.

Idinvest Secondary Fund II will continue the strategy of its predecessor fund by focusing on mature secondary transactions in the European small and mid-market, the firm said.

Christophe Bavière, CEO of Idinvest Partners, said, “We are very grateful for the support shown by our investors, some who have been with us for more than a decade. We are also pleased to have attracted new institutional investors and family offices, from Europe, North America and Asia, totaling over 35 per cent of ISF II’s committed capital. In a challenging environment where LPs are reducing the number of their relationships, investors have responded well to Idinvest’s disciplined strategy and consistent track-record.”

Christophe Simon, Idinvest Partners’ head of secondaries, added, “We believe Idinvest’s integrated platforms, which combine primary, secondary, private debt and co-investment capabilities, are key for sourcing high quality and proprietary deal-flow in the current market environment. ISF II will continue Idinvest’s differentiating investment focus on small and mature secondaries in the European mid-market, which we believe still presents a sizeable, attractive and under-exploited segment of the much larger mainstream secondary market.”

With over €4bn under management and 45 employees, Idinvest Partners focuses on the European mid market segment. Last October the firm revealed it was almost two-thirds of the way to its €100m target for its Digital Fund II after holding a first closing for the vehicle.

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