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Fortissimo fund raises $60m, starts investing.
(From Israel Business Arena)
Byline: Batya Feldman
The Fortissimo Capital private equity fund announced today the beginning of its investments activity, after raising $60 million out its $80-100 million target.
The remainder will be raised in the next few months, probably from foreign investors. The amount raised so far was mostly from Israeli institutions, including provident funds, insurance companies, and pension funds.
A $30 million investment makes Migdal Insurance (TASE: MGDL) the largest investor in the fund so far. Migdal is a preferred partner for Fortissimo, but will not take an active part in managing the fund. Other investors …
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