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Sienna Private Equity secures over €400 million in commitments

After a first closing of the fund in January 2024 with anchor capital provided by cornerstone investor Groupe Bruxelles Lambert (“GBL”), the firm successfully completed a second closing during the summer with tier-one institutional investors and family offices. Investors added over €125 million of new commitments, in addition to close to €100 million of co-investments already secured on the first two seed assets bringing Sienna Private Equity’s total commitments to over €400 million.

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Sienna Private Equity Fund I is close to its target fund size and will aim to hold its final closing between the last quarter of 2024 and first quarter of 2025. Houlihan Lokey is acting as advisor in the fundraising.

Vincent Catherine and Hugo d’Avout, co-founders said: “We are delighted to welcome tier-one institutions to pursue our strategy in an attractive period to deploy capital marked by some stabilisation of interest rates, relatively lower valuations and increasing deal flow.”

Alessandro Fogo added: “We are excited to welcome Italian investors in the fund given that our strategy fits particularly well the Italian market characterised by a vast majority of primary lower mid-market situations.”