Investindustrial raises €375m

London-based Investindustrial announced the final close of its oversubscribed Investindustrial Growth Fund at a hard cap of €375 million.

The fund, which was raised in less than three months, will make growth capital investments in the European mid-market companies, specifically targeting consumer, industrial manufacturing and business services sectors. According to Investindustrial’s press release, twenty existing investors backed the fund, with two-thirds of the committed capital coming from Europe and the rest from North America.

Paul Hastings served as the fund’s legal adviser.

The firm’s most recent prior vehicle, Investindustrial Fund VI, raised €2.04 billion in 2016.