CGS Management raises SFr240m

The Switzerland-based fund management company closes fourth vehicle.

CGS Management has held a final close for its fourth fund, CGS IV, at SFr240 million ($242 million; €208 million). The fund will pursue the same strategy as its predecessors, investing in European, technology-based small and mid-size industrial companies.

CGS III previously closed at SFr208 million in April 2013 and counted HarbourVest Partners among its investors.