With the objective of collecting a total amount of 100MioEUR, E-Capital III (S.C.A.) SICAR has started its fund raising early 2011. On June 17, the fund has completed a first closing at 65MioEUR and has been approved by the CSSF, the Luxembourg financial market authority. The whole process should be completed by the end of the year without placement agent involvement. The General Partner will be E-Capital Partners, based in Luxembourg, and E-Capital Partners’ investment advisor will be E-Capital Equity Management, based in Brussels.