Clessidra Private Equity SGR, a management company in the Italian private equity market, has held the first successful closing of Clessidra Capital Partners 4 fund, closed-type alternative investment fund.

The placement reached about EUR270 million and has registered a significant participation of subscribers from previous funds. Amongst the investors, some of the primary Italian institutional players, including Cassa Forense and Fondo Italiano d’Investimento as cornerstone investors.

As for Clessidra Capital Partners 3 fund, Italmobiliare SpA will be the sponsor of the fourth fund, with a commitment of 75 million euros to the first closing.

Next stages of fundraising of Clessidra Capital Partners 4, which has an overall target of EUR500 million, will be focused on Italian and international institutional investors.

Read more/Source: Private Equity Wire