PAI partners raises $920M for debut mid-market fund
March 12, 2021
French firm PAI Partners has closed its first mid-market fund on around €920 million, exceeding both its initial €700 million target and its €800 million hard cap. PAI Mid-Market Fund will focus on rapidly scalable companies in the European mid-market and has made three investment to date: Amplitude Surgical, Angulas Aguinaga and MyFlower. The fund will be deployed alongside PAI's larger-cap fund, PAI Europe VII, which closed on €5.1 billion in 2018.