French private equity firm Idinvest Partners has reached a €5 billion milestone for its assets under management, four years after its spinout from Allianz Group.

Assets under management at Idinvest Partners, founded in 1997 under the brand AGF Private Equity, have doubled from €2.5 billion to €5 billion since its 2010 spin-out, according to a statement from the firm. Over the same period, its team has also almost doubled in size from 25 to 48.