Italy's Consilium Eyes €150M For Third Fund

Italian private-equity firm Consilium is readying its third fund.

The Milan-based firm hopes to raise €150 million for the buyout fund, with a €200 million hard cap, Financial News reports. If it exceeds the target, it would be the eight-year-old firm's largest to date; its second fund closed with €150 in 2007, €50 over its target.

Consilium joins a crowded field of Italian p.e. shops seeking to raise new funds. Some 15 firms hope to raise a total of €4.3 billion, and none have managed a close yet this year.

Consilium spun off from fund of hedge funds Kairos Partners in 2005.