Nextalia secures €1.1bn first close for second Italy-focused private equity fund

Nextalia secures €1.1bn first close for second Italy-focused private equity fund

Italian private markets manager Nextalia Investment Management has held a €1.1bn first close for its second flagship private equity fund, with the firm targeting a final hard cap of €1.5bn by the end of the year, according to a report by Bloomberg. The fund attracted commitments from around 200 investors at its initial close, with founder Francesco Canzonieri saying nearly 90% of investors from the firm’s inaugural private equity vehicle recommi…

GIC seeks to sell US$1 billion private equity fund stakes: Bloomberg

Potential divestments are said to include funds from global private equity managers EQT, TPG Asia and KKR Read more at The Business Times.