Triton raises €815M for mid-cap fund

Triton raised €815 million at the close of its Triton Smaller Mid-Cap Fund II SCSp, surpassing its €600 million target.

The vehicle seeks to buy a majority stake in lower mid-cap companies that require an equity commitment between €40 million and €100 million.

The fund's predecessor, Triton Smaller Mid-Cap Fund I LP, raised €448 million in 2017.