(Tiper Stock Exchange) – Wise Equity SGRa Private Equity fund manager that invests in small and medium-sized Italian companies, announced the close of fundraising of its new Wisequity VI fundwhich he collected 400 million euros. The fund, which reached its hard-cap within four months of the start of marketing, has attracted subscriptions both from investors already present in the previous funds (128% re-ups), and from new investors.
The institutional investors international accounts represent more than 60% of funding, the Italian ones about 28%, while the remaining portions were collected with a commitment of HNWI he was born in Wise Equity teamreads a note.
The objective of the new fund will continue to be investment in medium-sized Italian companies, export-oriented and leaders in their respective niches market.
The fundraising follows recent divestments from Tapi, Vittoria and Trime which helped bring the multiple made in the sale of the companies owned by the Wisequity III, IV and V funds a 3.8x. The Wisequity V fund (2019) completed its investment period having acquired eight companies, the first of which (Vittoria) has already been partially divested.
(Photo: © Veerasak Piyawatanakul)