Dassault Aviation put up $15.3m for the $739m close of Ace Aero Partenaires' aviation technology fund, which includes Airbus, Safran and Thales among its limited partners.
Aerospace technology manufacturers Airbus, Safran, Thales and Dassault Aviation have all contributed to the €630m ($739m) initial close of France-based venture capital fund Ace Aero Partenaires.
The amount surpassed the vehicle’s original $590m ceiling and is expected to increase further for a $1.2bn final close. Dassault Aviation contributed $15.3m to the fund’s latest close, investing alongside the French government, unnamed contractors and fund manager Tikehau Capital.
Ace Aero Partenaires will invest in civil aviation technology developers and midcap enterprises badly…
