Naxicap Raises $1 Billion for New European Private Equity Fund

Naxicap Partners, a unit of Natixis Investment Managers, has raised 856 million euros ($1 billion) for its latest private equity fund.

The Naxicap Investment Opportunities II fund will target majority stakes in mid-cap companies across Europe, according to a statement Tuesday.

In addition to the new money raised, Naxicap has secured an additional 700 million euros in co-investments and specific mandates, meaning it now oversees 5 billion euros in assets.

“We are extremely pleased with the successful closing of our second commingled fund, for which we have managed to raise new record assets despite the challenges and uncertainty posed ...