This new fund was raised in a few months thanks to the renewed confidence of its historic investors, who significantly increase their commitment, and new LP’s convinced by the strategy of this fund. With €120m raised at this first closing, the fund is on track to achieve its €150m target.
With this new vehicle, Trocadero Capital Partners is continuing its strategy in the Smidcap universe: supporting managers and family shareholders in transactions related to equity reorganization (notably Sponsorless transactions) and development (external growth, organic growth), through minority equity and/or bond financing.
Trocadero Capital Partners has supported 22 companies since 2014, the last one being a sponsorless operation with the managers of Equancy.
The fund will invest in between €4m and €15m in each transaction, mainly in primary operations, targeting profitable companies, both in France and in neighboring countries. The first two investments of this new fund; Telstar and Birchbox, have already been realized end of 2019.
Philippe Bruneau, CEO of Trocadero Capital Partners: “We are very grateful to investors, old and new, for their confidence. This new fundraising confirms the relevance of the strategy implemented for several years already”
Benjamin Fougerat, Managing Director, adds “Our entrepreneurial adventure is a real link with the managers we meet and with whom we share this taste for entrepreneurship”
Nicolas Gagnez, Managing Director, concludes “Our daily support for management teams will pursue thanks to this new vehicle. We hope to continue writing great entrepreneurial stories as we have been able to do so in recent years”