EMZ Partners hits €815m hard cap for latest fund

The French firm beat its €750 million target in nine months and has already begun deploying capital.

Paris-based manager EMZ Partners has closed its EMZ 8 Fund at its extended hard cap of €815 million.

The fund launched in March 2017 with a target of €750 million and drew support from pension funds, insurance companies and family offices in Europe and North America, with both existing and new investors making commitments.

A first close was held in May alongside the fund’s first deal. EMZ did not disclose its target return.

EMZ 8 will execute the same strategy as EMZ Partners’ previous funds, focused on management-sponsored transactions in medium-size French companies, including management takeovers, buy-outs of minority shareholders and acquisitions.

So far, EMZ 8 has already backed five companies across France making up approximately 22 percent of the fund’s total. Reach Capital acted as placement advisor.

EMZ Partners has invested over €2.6 billion over the past 20 years in over 110 deals and managed more than 90 exits.