NIBC and Avedon Capital Partners held the first close of a new private equity fund at €100m.
The final close is expected in the first half of 2012 at around €200m.
NIBC, Goldman Sachs Asset Management and the European Investment Fund are founding investors in NIBC Growth Capital Fund II, which will be managed by Avedon Capital Partners
Avedon has also spun-out from NIBC. As part of this transaction, Goldman Sachs Asset Management is acquiring a strip of NIBC Merchant Banking Fund IB, which will continue to be managed by the Avedon team.
Avedon, which incorporates the activities and the team of NIBC Capital Partners and is fully independent from NIBC, provides growth capital to mid market companies with an enterprise value ranging between €30 and €300m in the Benelux and Germany.