A spokesperson told GCV investors in the corporate-partnered firm's Idinvest Growth Fund II, expected to close at up to $424m next year, include existing backers.
Idinvest Partners, a France-based investment firm with several corporate partners, reached the €250m ($265m) first close of its latest fund yesterday.
Idinvest Growth Fund II will make growth-stage investments in Europe-based digital, healthcare, energy and smart city technology developers. It is expected to eventually close at between $318m and $424m in the first quarter of 2017.
Formed by insurance firm Allianz in 1997 as AGF Private Equity, Idinvest was spun out in 2010 through a management buyout and renamed. Limited…
