Euro Private Equity has held a first close of Select Opportunities Fund II at €199 million, having launched in December 2017 with a target of €250 million. The fund will pursue the same strategy as its predecessor – which closed in December 2015 at €130 million – and will invest through secondaries market deals and co-investments in European SMEs.
New investors accounted for 43 percent of the capital raised at this stage and of these, 15 percent are based in Asia.