LODH holds €409m close

The amount is two thirds of the final target of €600m, which the firm was looking to achieve by the end of the year. Due to the difficult fundraising environment, the fund will continue to accept additional commitments up until the final closing which is scheduled for February 27, 2009.

Euro Choice Fund IV focuses on the lower end of the European mid-market with regionally and nationally anchored buy-out, growth capital and turnaround funds.

To date, the fund has four fund investments completed and its portfolio is to be built over the next 36 months.

The fund’s predecessor, Euro Choice III, closed at €493m in February 2007, exceeding its target by €143m.