French investor Capzanine has appointed Jean-Marc Fiamma as managing partner.

Fiamma worked for eight years as managing director in the private debt team of Ardian, until December. Before that, he was a senior investment manager in the venture capital team of Ardian.

Jean-Marc Fiamma

Fiamma has also served as investment manager at BNP Private Equity.

Furthermore, Capzanine has opened a new office in Munich, which will be managed by Bertram Schütz.

Schütz joins Capzanine from Avenue Capital Group, for whom he established a private debt strategy in Germany and invested €350m in German SMEs.

He has also worked for the French subsidiary of HVB/Vereinsbank Group.

This marks Capzanine’s second European office opening, following Spain in 2015.

Bertram Schütz

The firm has raised €750m for its Capzanine 4 Private Debt fund, which it expects to close at €800m in the next few months. 

Capzanine also closed its fourth sponsorless flagship fund in October 2016 at the hard cap of €350m.

The sponsorless fund takes majority and minority stakes in small and mid-sized companies, while also arranging mezzanine financing.