ISAI Secures €300M Hard Cap for Third Expansion Fund
Funding | Feb 06, 2025 | ISAI SC
ISAI has successfully closed its third fund, ISAI Expansion III, reaching a hard cap of €300 million, targeting profitable SMEs and mid-caps in the tech sector. This fund aligns with ISAI's entrepreneurial ethos and has garnered substantial support from the tech and digital community. The Fund's General Director, Pierre Martini, highlights the growing network of entrepreneur-subscribers now totaling approximately 500, primarily from tech and digital backgrounds. New institutional investors form over 60% of the fund's size, including prominent funds like Flexstone Partners, Swen Capital Partners, and public entities such as Bpifrance and the European Investment Fund. The fund's structure allows ISAI to maintain its strategic core, focusing on tech growth and LBO operations in France and other European regions. The first investment, a minority deal with Staffmatch, aims to accelerate the company’s growth, illustrating ISAI's tech-enabled strategy.
Sectors
- Private Equity
- Technology
- Financial Services
Geography
- France – ISAI is based in France and the fund focuses heavily on the French market, including its initial investment in French company Staffmatch.
- Europe – ISAI Expansion III's investment strategy includes Southern Europe, Switzerland, and Benelux, reflecting a broader European reach.
Industry
- Private Equity – The article details the fundraising success of ISAI's third expansion fund, a private equity venture focused on tech sector investments.
- Technology – ISAI Expansion III targets tech-enabled businesses, emphasizing growth in tech sectors through strategic investments.
- Financial Services – Includes involvement of various investors, such as banks and funds of funds, in the expansion fund.
Financials
- €300 Million – The hard cap size successfully reached by ISAI Expansion III.
- €10 to €50 Million – Typical investment ticket size for companies by ISAI Expansion III, can increase to €80M with co-investments.
- €250 Million – Initial target size for ISAI Expansion III before reaching the hard cap.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ISAI | Private Equity Firm / Fund Manager | Company | ISAI is a major French private equity firm focusing on tech and digital sector investments. |
| Pierre Martini | General Director | Person | Oversees ISAI's expansion funds, facilitating relationships with tech entrepreneurs and investors. |
| Caroline Gibert | Head of Investor Relations and ESG | Person | Plays a crucial role in maintaining investor trust and strategic relationships for ISAI. |
| Jean-David Chamboredon | President of ISAI | Person | Leads ISAI with a focus on strategic adherence to growth and profitability criteria. |
| Nicolas Martineau | General Partner | Person | Focuses on tech growth and LBO strategies across various European markets. |
| Christophe Poupinel | General Partner | Person | Emphasizes the tech-enabled investment strategy of ISAI Expansion III. |
| Staffmatch | Portfolio Company | Company | A French company in the interim sector and the first investment of ISAI Expansion III. |
| Flexstone Partners | Institutional Investor | Company | A fund of funds participating in ISAI Expansion III. |
| Swen Capital Partners | Institutional Investor | Company | An institutional investor and fund of funds contributing to ISAI Expansion III. |
| Bpifrance | Public Investor | Government | A public entity investor involved in ISAI Expansion III. |
| European Investment Fund | Public Investor | Government | A public entity providing investment support to ISAI Expansion III. |