Idinvest Partners raises €340m

The European mid-market private equity firm closes large-scale leasing fund.

Idinvest Partners has held a final close for Idinvest SME Industrial Assets Fund (ISIA) at €340 million, exceeding the initial target of €300 million. It is the first large-scale fund to lease industrial assets to European SMEs, in markets including France, Spain, Benelux and Germany.

The European Investment Bank and the European Investment Fund are two of the fifteen investors in the vehicle, a third of which are sovereign wealth funds. Around 35 percent of the investor base is located outside of France.