Israeli PE Fund FIMI Raises $1.1B, Largest Fund Raised In Israel

February 8, 2016 | Israeli private equity firm FIMI has raised its sixth fund, worth $1.1 billion – the largest fund ever raised in Israel. Evenly divided between Israelis and foreigners, the investors included large institution, private investors, international companies and universities, as well as managers of the fund itself, who invested $40 million. FIMI is Israel’s largest investment fund, with a current equity of $3.2 billion. To date, the private equity house has acquired control of 80 companies and has sold 51, generating an aggregate value that exceeds $4 billion. Its portfolio companies include renewable energy technology supplier Ormat Technologies and telecoms company Gilat Satellite Networks. CEO Ishay Davidi said in a statement that the newly raised fund will follow previous investment strategies, spreading $250 million a year across four or five Israeli companies.