Paris-based private equity and venture capital firm Quadrille Capital has held the first close of its Technologies Fund IV, at over 200 million euros ($230.3 million).
Investors mainly include European institutions and family offices. The fund has a final target of $345.4 million.
This new fund is already substantially larger than the previous ones and demonstrates the rapid growth of Quadrille Capital.
Consistent with Quadrille’s original strategy, this new fund invests between $9.2 million to $13.8 million across direct investments.