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Private Equity

Capvis Equity Partners closes €1.2 billion European private equity fund

Capvis Equity Partners closed its middle-market buyout fund, Capvis Equity V, at just less than €1.2 billion ($1.4 billion), surpassing its target of €1 billion, the Swiss private equity firm said in a statement.

Building on the investment strategy of the previous fund, the €700 million Capvis Equity IV that closed in 2014, Capvis V invests in leading midsize companies in Switzerland, Germany, Austria, Italy and the Benelux countries.

The fund raised capital from investors in North America, the Middle East, Asia and Europe, in particular in the DACH region, which is composed of Germany, Austria and Switzerland.

The $119.3 billion New York State Teachers' Retirement System, Albany, committed up to €75 million to the fund.