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Idinvest reaches €5bn in AUM

Idinvest closed its first dedicated secondaries fund earlier this year, since it spun out from The Allianz Group in 2010.

French private equity firm Idinvest Partners has reached €5 billion in assets under management, according to a statement.

The firm’s assets have doubled from €2.5 billion in 2010, when the firm became independent from the Allianz Group.

In addition, Idinvest’s fundraising efforts have grown significantly – the firm has collected more than €1 billion across various strategies in 2014 alone. The proportion of international investors committing to Idinvest funds is also increasing.

Idinvest closed its Idinvest Secondary Fund II on €214 million in April. Fund II surpassed its initial €200 million target and is the firm’s first fund since its spin-out. The fund focuses on mature secondaries transactions in the European small- and mid-market.

“We believe the mid-market still presents a sizeable, attractive and under-exploited segment of the much larger mainstream secondaries market,” head of secondaries Christophe Simon said in a previous statement.

The firm also invests in secondaries through its private debt strategy. Roughly one third of Idinvest Private Debt III will be invested in mezzanine and debt direct secondaries. The fund is expected to close ahead of its €300 million target at year-end.