Akina Partners, a Swiss asset manager, has held a third close on its flagship fund of funds vehicle seven months after launching, Secondaries Investor reports.
The Zurich-based firm has raised €180 million so far for Euro Choice VI, which can make selective secondaries purchases, according to a statement by the firm. The fund is targeting €300 million and focuses on buyout, growth capital and special situations fund investments in the mid and lower ends of the European market.
“The demanding market environment in Europe requires investors to work with specialists close to the market,” Thomas Frei, a senior partner at Akina, said in the statement. “Our in-depth understanding of the European market, our extensive experience and our excellent track record, convinced investors to commit to Euro Choice VI.”
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