Investindustrial closed its seventh European buyout fund, Investindustrial VII, at €3.75 billion ($4.1 billion), which was above its €3 billion target, according to Preqin.
Investors include the Florida State Board of Administration, Tallahassee, which oversees a total of $205.8 billion, including the $165.4 billion Florida Retirement System; and the State of Wisconsin Investment Board, Madison, which oversees $122.2 billion in assets, including the $103.3 billion Wisconsin Retirement System; and the $28.5 billion Texas Employees Retirement System, Austin.
The firm declined to comment.