Private equity firm Paragon Partners is reportedly preparing to launch its second fund.
The Munich-based firm’s second vehicle will target €350m, according to Private Equity International.
Earlier this year Dow Jones reported that the firm planned to launch the fund at the end of this year or in early 2014.
Paragon is sector agnostic and invests in companies based in Germany, Austria and Switzerland.
The firm has exited 10 businesses and currently has six active portfolio companies.
In June this year Paragon bought a majority interest in Swiss frozen foods producer KADI AG from ECM Equity Capital Management.
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