Sofindev raises €400M for its seventh fund

What's the deal? Belgian investment firm Sofindev has raised €400 million for its seventh fund. The money comes from sources including wealthy families, the founders of Sofindev, and Sofina.

Who's backing it? Limited partners include wealthy families and Sofindev's own founders. Investment holding company Sofina is also among the backers.

The signal: The close underlines continued appetite among family investors and established holding companies for Belgian private equity, even as fundraising conditions tighten across Europe.

Read more: De Tijd

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