Paris, France-based private equity firm Ardian recently closed its fourth fund at €1 billion.
Investors in Expansion Fund IV include pension funds, insurance companies and high net worth individuals.
The fund, which will identify opportunities in France, Italy, Germany, Belgium, Austria and Spain, will focus on making growth capital and buyout transactions through minority and majority investments in companies valued up to €225m.
It has an initial investment capacity of €100m.
Founded in 1996 and led by Dominique Senequier, Ardian is an independent private investment company with assets of US$55bn managed or advised in Europe, North America and Asia. The firm maintains a global network, with more than 430 employees working through twelve offices in Paris, London, Frankfurt, Milan, Madrid, Zurich, New York, San Francisco, Beijing, Singapore, Jersey and Luxembourg.