Paris-based venture capital firm Idinvest Partners has opened a new office in Frankfurt, aiming to increase its European presence. The opening is a result of the GP's wish to offer dedicated local support to its foreign portfolio companies, Idinvest said in a statement. The launch comes hand-in-hand with new appointments, as the office will be headed by senior adviser Florian Zimmerman, who joined the firm in 2014. He will be joined by three German nationals to be hired in the private debt team. Idinvest's Frankfurt office is in line with the firm's increased investment in the German market, particularly through senior and subordinate private debt financing, the GP said. Idinvest was previously a subsidiary of German group Allianz.