French private equity firm, CICLAD, has closed its fifth fund on a hard cap of €150 million, AltAssets reports. About 70% of the commitments came from existing backers and 25% of the remainder came from four new companies. The portfolio was raised within the firm’s target timeline, beginning in mid-November 2010 and closing in late March. CICLAD, which was set up in 1988, has made over 120 investments, mostly in the French mid-market.

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