German private equity firm Paragon Partners is set to close its latest fund on €400m, Bloomberg has reported.
Last year the firm was said to targeting €350m for the vehicle, its second. The firm’s inaugural investment fund raised €220m in 2008.
Investors comprise family offices, private individuals and institutional investors, with the latets fund said to be oversubscribed.
Paragon invests in companies based in Germany, Austria and Switzerland, with a sector agnostic strategy. In June last year Paragon bought a majority interest in Swiss frozen foods producer KADI AG from ECM Equity Capital Management.
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