Idinvest Partners has completed the sale of a portfolio of investments in 12 growth companies in a secondary deal that will allow the firm to return up to €150m to more than 40,000 retail investors.

The portfolio, which will be taken over by the newly established Indinvest Growth Secondary fund, will continue to be managed by Idinvest’s growth and venture team. The new fund will provide fresh capital to the portfolio companies over a five-year period to support further value creation.