French private equity firm iXO Private Equity has held final completion of iXO 4 at 200 million euros ($228 million), exceeding its initial target. 

The new fund, iXO 4, focuses on small and midsize companies based in the South of France, for commitments ranging in size from $5.7 to $22.8 million.

Existing backers in the fund included Bpifrance, SWEN Capital Partners, CNP Assurance and new backers European Investment Fund and AVIVA PLC.

This completion of the fundraising brings iXO Private Equity’s total amount of assets under management to $797.8 million.