Tar Heel Capital raises €100m for THC 3 - report

According to a report in Puls Biznesu, the growth fund will have a 12-year lifespan, with half of current commitments coming from the firm's partners and half from previous investors.

Puls Biznesu also reported that the fund has already made two investments and will aim to make two to four investments per year for its first six years.

The firm's previous fund, Tar Heel Capital II, held its final close in September 2012 on €50m, according to Unquote Data.

Tar Heel declined to comment when contacted by Unquote.

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