News > Latour Capital closes its third fund at one billion euros

Latour Capital closes its third fund at one billion euros

Tuesday 27 October 2020

Latour Capital announces the final close of Latour Capital III.

Latour Capital III is three times the size of the previous fund raised in 2015 which closed at over 300 million euros. The oversubscribed fund received strong support from its existing investors reaching a reinvestment rate of 150%. It also attracted new renowned investors from the US, the Middle East, Japan, and Australia. Over thirty LPs where involved in this fundraising, including institutional investors, sovereign funds, funds of funds, family offices and foundations.

This new fund will allow Latour Capital to pursue the same successful strategy carried out by its two previous vintages, which focuses on majority operations and spin-offs of large companies, mainly in France. The average equity ticket size will be of 100 million euros per investment.

Jasmin Capital was the global placement agent for this fundraising.

Webpage : https://www.cfnews.net/L-actualite/LBO/Operations/Levee-de-fonds/Latour-III-creve-le-plafond-343690

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