Tue, Sep 21, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

PAI Partners raises $1.1bn for debut mid-market fund, above original hard cap

Friday, March 12, 2021

Laxman Pai, Opalesque Asia:

PAI Partners has surged past both its target and hard cap for its debut mid-market fund to reach €920 million ($1.1bn) at the final close.

The pan-European private equity firm said in a press release that PAI Mid-Market Fund (PAI MMF) was raised entirely virtually and is above its €700m target and original €800 million hard cap, which was increased following significant investor interest.

The firm said its first foray into mid-market fundraising would invest alongside its larger-cap flagship fund PAI Europe VII, which it closed on €5.1bn three years ago.

The release said that PAI MMF would focus on rapidly scalable companies in the European mid-market, and has already been used to back Amplitude Surgical, Angulas Aguinaga, and MyFlower.

Other recent deal activity from PAI includes the €1.6bn buyout of technical facility management services company Apleona from fellow private equity major EQT.

Richard Howell, a Managing Partner and Head of the Investor Team, said: "We are delighted to announce this successful extension of the PAI platform, which will benefit from the firm's strong track record in transforming companies across Europe. I would like to thank all our investors for their continued support, which is a testament to their confidence in our investment strategy, the team's ability to identify industry themes, and our long-standing, on-the-ground presence in local markets."

Stefano Drago, Mateo Pániker Rumeu, and Raffaele ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: Private equity GPs, LPs alike working on diversity and inclusion, Chinese regulator vows to crack down on private equity, venture capital funds, The VC playbook for portfolio companies: learning from the Covid-19 crisis[more]

    Private equity GPs, LPs alike working on diversity and inclusion From PIonline.com: Private equity general partners and limited partners are doing more to increase diversity in private markets, according to a report released Tuesday by the Institutional Limited Partners Association.

  2. PE/VC: Private equity continues to lead fund closings, Venture capital firms are fighting to throw money at cleantech[more]

    Private equity continues to lead fund closings From PIonline.com: Among private fund closings, private equity funds have led the pack starting in 2011, based on data collected by Pensions & Investments. During those years, private equity's share has ranged from 56% to 72% of the total

  3. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover

  4. New Launches: H.I.G. closes first European buyout fund at $2.4bn, Cheyne Capital raises another $1.18bn credit fund to invest in struggling European companies, Falfurrias Capital Partners raises $850m in oversubscribed fund, Alan Howard-backed 10T raises $750m for debut crypto fund, Crayhill Capital strikes $820m hard cap close for second credit-focused fundraise, Edmond de Rothschild's Eres IV eyes second close in H1 2022, Revaia closes Europe's largest female-founded VC fund, Octopus unveils UK Future Generations sustainable fund, TrueBridge Capital Partners closes seed & micro-VC fund I, at $170m, Federated Hermes launches low-carbon bond fund with Swedish partner[more]

    H.I.G. closes first European buyout fund at $2.4bn From PIonline.com: H.I.G. Capital closed its first European middle-market buyout fund, the H.I.G. Europe Middle Market LBO Fund, at €2 billion ($2.4 billion), a news release shows. The fund targets middle-market companies prim

  5. U.S.: Peter Thiel gamed Silicon Valley, Donald Trump, and democracy to make billions, tax-free[more]

    From Bloomberg: The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the 25th floor of his Manhattan tower. Trump sat dead center, per custom, and, also per custom, looked deeply satisfied with himself. He was joined by his usual coterie of lackeys