France-based private equity firm Idinvest Partners is nearing the final close of latest secondaries fund on €200 million, as the market for second-hand buyout fund interests continues to attract new entrants.

Idinvest, the Paris-based investor which spun out of German insurer Allianz in 2010, launched its fundraising effort in early 2012 with a €150 million-€200 million target. The firm is set to close the new fund in the next few weeks, according to people familiar with the matter.