Spanish private equity firm Corpfin Capital is reportedly nearing a first close for its latest fund.
The firm is aiming to close Fund IV on its €200m target this year, according to Private Equity International.
It was previously reported that Corpfin expected to hold an €80m first close by the end of 2013.
Corpfin’s third fund was closed with commitments of €223m in 2006 and is still in its investment period.
Corpfin has been working with private equity investments since 1990, targeting Spanish companies with growth potential and a solid business base.
The firm says it invests up to €33m per deal, which can rise to more than €50m through potential co-investments with LPs.
It targets businesses with EBITDA of between €4m and €20m.
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