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French Iris Capital, formerly Part-Com, announces first close on E100m18/12/2003. Source: AltAssets. 
 The France-based venture capital firm Part-Com Management has changed its name to Iris Capital Management and has announced the first close of its latest fund at E100m.
Caisse des Depots and ERGO Equity Partners are cornerstone investors in Iris Capital Fund II. Iris was formerly a part of the private equity group of investment banking group CDC Ixis.
‘To have achieved a first closing of this size in today’s wait and see fundraising market is a performance to be proud of,’ said Pierre de Fouguet and Antonine Garrigues, the managing partners of Iris Capital.
Iris Capital specialises in the media, communications and information technology sectors. The firm has made in excess of 180 investments since its inception in 1986 and manages more than E500m.
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