Access Capital Partners raised €768 million for its seventh flagship European smaller buyout fund of funds at final close.

The vehicle, Access Capital Fund VII Growth Buy-out Europe, had an initial target of €500 million. New and existing clients, including insurers, pension funds, banks, foundations and family offices across Europe, contributed to the fund.

The Paris-based private assets manager said 74% of the fund's capital has already been deployed to primary funds and secondary investments in European smaller buyout funds.