Wise Equity closes Wisequity VI at €400m hard cap

Wise Equity closes Wisequity VI at €400m hard cap

Wise Equity SGR has announced the closing of Wisequity VI at €400 million.

Fund VI continues Wise Equity’s strategy of investing in niche market leaders in Italy’s lower-mid market. The fund reached its hard cap four months after launch and attracted significant commitments from existing investors, as well as selected new institutional investors. International institutional investors represent more than 60% of commitments, Italian institutional investors 28%, and the remaining commitments came from HNWI and the Wise Equity team.

The fundraise follows three strong exits of Tapi, Vittoria and Trime in the last six months, bringing realised MoC across Wisequity III-V to 3.8x MoC.  Wisequity V, which closed on €260m in 2019, is now fully invested across eight investments with its first exit (Vittoria) already achieved.

Rede Partners is delighted to have supported Wise Equity once more as placement advisor, having previously advised on Wisequity IV and V, as well as a recent GP-led transaction. We extend our warmest congratulations to the whole team at Wise Equity on the successful raise and look forward to our continued partnership.