Paris-based investment firm Indigo Capital SAS held a first close of its latest fund with €170 million in committed capital.
Indigo Capital II FPCI, which aims to pull in €350 million, is expected to hold its final close in September. It will be investing between €5 million to €40 million in French and European small- and medium-sized companies valued between €20 million to €300 million.
Institutional investors, pension funds, insurance companies and governing bodies, mainly based in France and Europe, backed the fund, as well as family offices and high-net-worth individuals.
Indigo provides mezzanine and junior capital to middle-market companies.