Amundi Private Equity Funds has held the first closing of the third vintage of its institutional strategy Amundi ETI Megatrends III, which includes investment vehicles dedicated to both individual and institutional investors at €285m in capital commitments.

The strategy has a strong ESG focus[1] and focuses on growth capital and buy-out transactions, as well as majority equity stakes held within a consortium and active minority stakes. This fund will invest in unlisted European mid-cap companies whose growth is driven by at least one of the following three megatrends: Technology, Demographics and Environment. The strategy has a target size of €600m with a diversified portfolio comprised of 15 to 20 holdings.

This closing comes six months after the fund’s launch and is a continuation of the Megatrends I & II vintages. It is led by a management team with 12 years of experience working together and an average of more than 20 years in the private equity sector. The team has a solid track record of performance over the first two vintages, with a DPI of 1.5x for the 2018 vintage and a portfolio of companies that have nearly doubled in value in less than four years for the 2021 vintage.