Alven Capital III holds EUR100m final close

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Fund

Venture capital firm Alven Capital has held the final close of its third-generation FCPR fund after around eight months of fundraising. The Calyon-run process has reached the hard-cap of EUR100m. Proskauer Rose provided legal advice.

Investors

Alven Capital III, which is Alven's first fund to have attracted foreign LPs, has received commitments from 80% of France's funds-of-funds market, as well as from other French and European institutional investors such as CDC Entreprises and also a UK pension fund.

Investments

Alven Capital III will complete approximately 20 deals, predominantly investing in France with initial investments focusing on low-technology companies that have recently started or are about to begin commercialisation. About a third of the investments will be made in media or internet companies, another third in innovative services, with the remainder being earmarked for vertical business applications.

People

Alven Capital's team is led by partners Guillaume Aubin, Charles Letourneur and Nicolas Celie.

Name

Alven Capital III

Closed on

EUR100m

Focus

Early-stage/expansion

Contact

Charles Letourneur

Address

Alven Capital