Parquest Capital held a first and final close on its second lower mid-market vehicle at €310 million. The fund, which surpassed its initial €250 million target and €300 million hard-cap, will focus on French mid-market SMEs.
Pension funds, financial institutions, insurance companies, funds of funds and government agencies are among the pool of new and existing investors committed to the fund.
Parquest Capital I, the fund's predecessor, closed on €300 million in April 2014.
Capstone Partners was the sole placement agent for the fund, with Clifford Chance acting as legal adviser.