Portobello Capital raises €500m

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Portobello Capital has raised €500 million to date for its Portobello Capital Fondo IV. The Madrid-headquartered firm has set a €600 million target and began fundraising in 2017.

Its previous fund raised €375 million in 2014.

Investors that committed to Portobello Capital Fondo IV include the Raytheon Pension Fund and Quest Fund Placement.

The fund will target buyout opportunities in a diverse number of sectors in Spain and Portugal.