PAI Partners has closed its inaugural PAI Mid-Market Fund (“PAI MMF”) with a total of circa €920 million of commitments. The Fund was raised entirely virtually and is above its EUR700 million target and original €800 million hard cap, which was increased following significant investor interest.

Richard Howell, a Managing Partner and Head of the Investor Team, says: “We are delighted to announce this successful extension of the PAI platform, which will benefit from the firm’s strong track record in transforming companies across Europe. I would like to thank all our investors for their continued support, which is a testament to their confidence in our investment strategy, the team’s ability to identify industry themes, and our long-standing, on-the-ground presence in local markets.”

Stefano Drago, Mateo Pániker Rumeu and Raffaele Vitale, MMF Founding Partners, say: “We are very excited about the investment opportunities we see and proud to have assembled a highly expert team to explore these. PAI MMF addresses a clear need for a European mid-market fund which can offer both the advantages of deep, local presence and the benefits of a wider, well-established international platform. We are off to a fantastic start with very strong early deployment and look forward to more in the months to come.”


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Source: Private Equity Wire