London-based buyout firm Mid Europa Partners is reportedly within a whisker of hitting its reduced €850m target for its latest vehicle.
The firm has pulled in about €800m for Fund IV so far according to PEI, putting it close to the finish line having lowered its sights from its initial €1bn target.
That aim was reduced following discussions with its LPs, who apparently had concerns over potential dealflow in the firm’s target region of Central and Eastern Europe.
Mid Europa had pulled in €665m for a first close by February according to earlier reports.
AltAssets revealed back in 2012 that Mid Europa had hired Credit Suisse to place the fund, although at that stage it had not decided on a target.
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