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Deal-hungry fund manager to raise €200m for fresh buys

IM Square, founded just 18 months ago, reports 21% growth in its maiden results and says fundraising is going well

Deal-hungry fund manager to raise €200m for fresh buys

IM Square, a European investment group that takes stakes in fund managers, reported 21% growth in the value of its first investments this morning and said it is on track to raise €200 million to fund further acquisitions.

The firm, founded by French financiers Philippe Couvrecelle and Jean Maunoury in June 2015, said in its first full-year results that it was "in discussions with several North American institutional investors" about the fundraising, and may bring one in as a fourth shareholder in the company.

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