Paris-based private equity firm Latour Capital has made a final close of its fourth flagship fund at €1.2 billion, surpassing the size of the firm’s previous vintage by 40%.
Additionally, €400 million in co-investments have also been raised, bringing the total to €1.6 billion.
More than 50 institutional investors and previous investors took part in the fundraising for Latour Capital IV, with a re-up rate of 100%.
Almost 60% of the amounts raised came from outside of France with new investors from Europe (Germany, Belgium, Spain, Finland, Italy, Luxembourg, Netherlands and Switzerland), North America and Japan.
In a statement, Latour said that “the exceptional performances of the three previous funds, with an IRR of 41% on all realized exits, have been a major asset in the success of this new vintage’s fundraising”.
Less than eighteen months after its first close, the new fund is one-third deployed and has completed two investments (Funecap in April 2023 and European Digital Group in March this year) and entered into exclusive negotiations for a third investment into engineering group Systra in April.
Latour Capital currently manages more than €3.5 billion across all its funds.
