Mirabaud Asset Management has added a private equity arm to the business, to be headed up by Renaud Dutreil, former French minister of small and medium-sized businesses, and has unveiled its first fund for the range.
The new private equity team is based in Paris and headed up by Dutreil, who will be supported by Luc-Alban Chermette, deputy head of private equity. The first theme-based fund allocating to living heritage companies (patrimoine vivant) in the luxury and lifestyle sector has been launched today, and has already closed an initial transaction of €50m. The second and final closing of the fund is scheduled for the end of the year, aiming for a total amount of €150m. This new offering will enable family-run SMEs that have been active in France, Switzerland, Italy and other European cou...
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