Keensight Capital, a Paris, France-based private equity firm dedicated to pan-European Growth Buyout investments, held the final close of its new fund, at €1 billion.
Keensight V was oversubscribed with support from existing LPs, as well as new investors from Europe, North America, the Middle East and Asia. The globally diverse LP base for the fund comprises c. 90% of subscriptions from institutional investors (asset managers, pension funds, insurance companies, banks and sovereign wealth funds), and c.10% from former portfolio company CEOs and family offices.
With its new Growth Buyout fund, Keensight Capital will continue to pursue its investment strategy partnering with entrepreneurs on growth investments, while targeting profitable companies across Western Europe with revenues between €15 million and €250 million.
The firm’s team of 30 people, which comprises 11 different nationalities, will pursue investments across Western Europe between €20 million and €200 million. The team’s expertise is particularly strong in the Information Technology and Healthcare sectors.
Led by Jean-Michel Beghin, Managing Partner, Keensight Capital has invested in 52 companies and completed 37 exits, generating an overall gross IRR of 39% and an average gross multiple of 2.8x, since its creation 20 years ago.