ArchiMed’s first fund, Med I FIA, has reached a first close with 15 international institutional and private investors. Triago acted as ArchiMed’s placement agent. Based in Lyon, France, ArchiMed is focused on the healthcare sector in Europe.
Blue Sea Capital, a spinout from Brockway Moran & Partners, has closed its debut fund on $327 million. About 10 percent of the capital came from the general partner and affiliates. Blue Sea, based in Palm Beach, Florida, with an office in El Segundo, California, closed its first fund within 12 months and beat its $300 million target. Lazard Freres & Co. worked as placement agent on the fundraising.
Cotton Creek Capital has closed its second fund on about $160 million. Fund II is about double the size of the firm’s debut fund. Cotton Creek, a Texas-based buyout shop focused on lower mid-market companies, has made two platform investments from the second fund, in Chain Electric Co and Royal Baths Manufacturing Co.
Dos Rios Partners has reached a final close on Dos Rios Partners LP, raising $225 million. Texas-based Dos Rios invests in the junior securities of growing niche businesses with approximately $2 million to $8 million in EBITDA.
ProA Capital de Inversiones, a Madrid-based firm formed in 2007, is back in the market targeting 325 million euros ($442 million) for its second fund, peHUB reported.