Zurich, Switzerland-based LODH Private Equity has held a first closing on its fourth fund at €300 million (US$467 million). The firm expects to hold further closings during the fourth quarter.
LODH Euro Choice IV will focus on investments in European lower middle-market companies through regionally and nationally anchored buyout, growth capital and selective turnaround funds.
To date, the firm said it has already lined up three investments with more deals to follow.
LODH is a subsidiary of Geneva-based private banking Group Lombard Odier Darier Hentsch.
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