Egeria, a Dutch mid-market buy-out firm, has made an initial close on its second fund at €293m ($386m) after opening up its fundraising to third parties in December.

Bregal Investments, the private equity subsidiary of Cofra, a Swiss holding company , is cornerstone investor with a €250m commitment to the second fund. Cofra is the holding company of the Dutch Brenninkmeijer family, owners of the C&A clothing empire.