Idinvest Partners has reached a final close of its fourth debt fund, Idinvest Private Debt IV, at €715m. It was initially targeting €600m.

The fund primarily provides unitranche investments of between €10m and €75m in European lower mid-market businesses. Around 40 per cent of the investors are French.

The fund has already invested 60 per cent of its total commitments in 17 companies. Seven of these are French, and the remainder based elsewhere in Europe.

Idinvest’s debt division manages around €3bn of assets, representing around a third of the firm’s total assets under management.

Idinvest was acquired by Eurazeo earlier this year.