Access Capital Partners held a €343 million first close on its seventh European flagship fund of funds. Targeting €500 million, the capital will be invested into small buyout funds and clear growth strategies focused on buy and build opportunities. Investments into secondaries transactions will make up 40 percent of the portfolio.
New and existing investors were present in the fund as at the initial closing.
Access Capital Fund VI Growth Buy-Out Europe, the vehicle's predecessor, held a final close in May 2015 at €644 million – far surpassing its €400 million target.