Weinberg raises €295m

The Paris-based asset manager exceeds its fundraising target for its latest fund.

Weinberg Capital Partners has closed its Weinberg Capital Partners III at €295 million, surpassing its initial fundraising target of €250 million. It almost doubled the size of its predecessor, fund II, which corralled €165 million.

Fund III will follow the investment strategies of past funds by investing in French SMEs through leverage buyout transactions on companies valued between €50 million and €200 million. The fund will focus on B2B and B2C distribution, business and health service sectors.