Idinvest Partners held a €250 million first close on Idinvest Growth Fund II. Investments will be focused on European SMEs with potential to become global leaders in their respective fields, namely technology, healthcare and energy. A final close is expected in Q1 207 at around €300 million and €400 million.
New investors from the Middle East have joined the ranks of limited partners committed to Idinvest.
Despite being denominated as the second fund of its type, this is the first Europe-focused SME growth vehicle. Previously, the firm has invested into this area for almost two decades, raising capital for this opportunistically.