Access Capital Fund III Mid-market Buy-out Europe raises €307mEuropean private equity fund of funds specialist Access Capital Partners has held a final close on its third-generation European mid-market buy-out fund of funds, Access Capital Fund III Mid-market Buy-out Europe, on €307m. The initial target of the fund was €250m.
Commitments came mainly from investors based in France, Finland, Germany, the UK and Benelux.
The new fund has already committed to 15 funds including three secondary positions and is expected to be fully committed by mid-2007.
Access Capital currently manages approximately €1.65bn of assets through its own fund of funds vehicles and mandates for specific clients. The firm focuses exclusively on Europe, with separate mid-market buy-out and technology funds of funds. Access Capital Partners employs 25 professionals and operates from Paris and Munich.
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