Weinberg Capital fund closing

Weinberg Capital Partners has formed with four partners and announced the first close, on E380m, of its first fund called WCP No 1. The four partners are Serge Weinberg, Guillaume d’Angerville, Henri Gagnaire and Philippe Klocanas.

The firm announced that capital commitments for the first close were mainly raised from French institutional and private investors and the second wave of fund raising aims to attract non-French institutions and private investors.

Weinberg Capital Partners, which has achieved approval from France’s Financial Markets Authority, plans to take stakes in mid sized companies in France and Europe across a variety of sectors, excluding only high tech.