Belgian private equity firm, Vendis Capital, has raised €111.5 million for its debut fund, above its €100 million target, AltAssets reports. Michiel Deturck, Luc Geuten, Cedric Olbrechts and Willem Van Aelten will manage the consumer-focused fund.

The vehicle intends to provide growth and buy-out capital of between €5 million and €15million to non-food retail and consumer businesses in Europe. The firm has already begun investing, with transactions, including Belgian fashion retail chain, ZEB and Dutch optical retail chain, Eyes & More.

Click here for the story from AltAssets.