Idinvest Partners has closed its fourth direct lending fund, at €715m. Idinvest Private Debt IV surpassed its initial target of €600m, with more than 60% of the investors coming from outside France. Launched in 2016, the Idinvest Private Debt IV fund has invested 60% of its total commitments across 17 companies, of which more than 40% based outside France. Focusing on the European lower mid-market segment (enterprise value of between €35m and €250m), the firm's Private Debt team arranges primarily unitranche financings for tickets ranging from €10m to €75m. Led by François Lacoste and Eric Gallerne, Idinvest's multi-national private debt team consists of 16 investment professionals with offices in Paris, Frankfurt and Madrid.