Chequers Capital raises €1.1bn

The Paris-based firm closes seventeenth fund above target after less than three months on the road.

Chequers Capital XVII has held a final close at €1.1 billion. The significantly oversubscribed vehicle, which had originally targeted €1 billion, spent less than three months fundraising. Its primary geographical focus is France, Italy and the DACH region.

Investors in the firm’s seventeenth fund include fund of funds, pension funds and sovereign wealth funds.

Chequers Capital XVI held a final close at €850 million in May 2011.

MVision Private Equity Advisers acted as the advisor for Chequers Capital XVII and Goodwin Procter served as its legal counsel.