Synergo SGR Holds First Close of Fund

Italian private equity firm Synergo SGR has held a first close of its second fund, Sinergia II, the firm said. The fund was launched in mid-2010 with a target of 350 million euro ($486 million). The exact amount of money raised to date was not released. Investors include pension funds, insurance companies and financial institutions, the Milan-based firm said. Synergo has roughly 450 million euro under management across its first and second fund.

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