Listed LP Electra Private Equity is to move away from its status as a listed investment trust to a corporate structure and return £200m of capital to shareholders by way of a tender offer.
Fund targets later-stage venture capital investments, mainly across the DACH region
Company will use the fresh capital for the roll-out and expansion of a new networking platform
VC is joined in the round by Quadia, Localglobe, Atlantic Food Labs, Ideo and Demand Analytics
Deal marks the first acquisition for the GP's latest vehicle, Alto Capital IV