Paris based private equity firm Idinvest is expected to close its third secondaries fund imminently, above the upper end of its target of between €350 million and €400 million, the firm's Chief Executive Officer and Managing Partner Christophe Bavière told Private Equity News. The oversubscribed fund is expected to collect between €420 million and €440 million in total funds, according to Mr. Bavière. A spokeswoman for the fund said the vehicle did not have a hard cap. "We're just to finalise with investors," he said. "We are waiting for them to complete due diligence. We will be reaching our target at €400 million for sure, probably a little north of that."