Charme Capital Raises $700 Million for New Private Equity Fund

Charme Capital Partners, a mid-market private equity manager, has raised 600 million euros ($700 million) for its latest fund.

The Milan-based manager is targeting 750 million euros for its flagship Charme IV fund and plans to invest in mid-sized firms in Italy, Spain and the U.K., according to a person familiar with the plans, who asked not to be identified because the information is private. Charme has announced a first close, meaning the fund has raised a certain threshold of money and the firm can begin making investments, the person said.

Fund raising by private equity firms continues to ...