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equity firm Clessidra expects to close its third Italy-focused buyout fund by the end of November, Private
Equity International reported this week.
will have been on the road for more than 18 months by the time it hits its €800
million target, bucking a trend seen by other Western Europe-focused funds.
fundraising periods for similar vehicles have fallen over the past year,
reflecting a drop in average fund size from $656 million to $374 million. As at
mid-September, funds in market are targeting an average $354 million,
suggesting a further fall in time on the road.
be hoping they can match Ardian’s LBO Fund VI, which held an impressive first
and final close on €4.5 billion in just four months.
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