Omnes Capital is ending the summer with a fresh fundraising push, despite the still-subdued state of the French private equity market.
The Paris-based firm just launched Omnes Capital IV, its fourth buyout fund dedicated to French SMEs, with a target of €180 million. The fund is thus intended to be slightly bigger than its predecessor, which reached its close in 2007 on €173 million. Crédit Agricole, the French banking group, has already announced its intention to re-up with a €70 million commitment.
The firm’s renewable energy team is also raising an infrastructure-focused side-car vehicle for its current fund Capenergie II, which closed in 2012 on €135 million. It aims to collect €20 million for the side-car, which will invest in infrastructure projects alongside Capenergie II.
The announcements come as Omnes continues to seek capital for its latest venture vehicle, which it is raising from retail investors. It is also in the pre-marketing phase of its second co-investment fund, for which it hopes to raise €200 million.
These are the first funds Omnes, the former buyout arm of Crédit Agricole, has raised as an independent entity. The firm was carved out from the bank in March 2012 when secondary player Coller Capital bought the business alongside the portfolio of private equity assets it managed. It then gained full independence when its management team took control of the company at the end of last year. at which point it rebranded as Omnes Capital.
The firm, which has €180 million of assets under management, continues to manage assets owned by Coller Capital. It invests across a number of different strategies including small and mid-cap buyout, technology and life sciences venture, renewable energy, mezzanine, secondary funds of funds and co-investment.