BlackFin Capital Partners, a Paris, France-based independent investment firm focusing on non-leveraged transactions, has held a second close of €300m for its Fund II.
The firm, which held the first close in January at €160m, is on track to reach its “hard-cap” amount of €400m before the end of 2015.
Commitments came both from investors in BlackFin’s first fund, such as Bpifrance (French Investment Public Bank) and Unigestion, but also from new institutional relationships such as the European Investment Fund.
Led by Laurent Bouyoux, Eric May, Bruno Rostain and Paul Mizrahi, BlackFin Capital Partners focuses on asset-light (as opposed to balance-sheet intensive) businesses in the financial services sector, across continental Europe.
Businesses of interest to BlackFin include asset-management, institutional and retail brokerage, distribution of insurance and banking products, both digital and through traditional channels, payments, processing, debt management and collection, fund administration, business process outsourcing and financial technology.