Potentia Capital raises A$180m

The Sydney, Australia-based private equity firm holds interim close for debut fund.

Potentia Capital has held a first close of its debut fund, Potentia I, at A$180 million ($125 million; €112 million). The fund has a target size of between A$300 million and A$400 million, which it will use to provide growth and acquisition capital for software, tech-enabled services and technology businesses headquartered in Australia and New Zealand with enterprise values of A$50 million to A$300 million.

Asante Capital is advising on the fundraising, and legal services are being provided by Herbert Smith Freehills.