Funds
Aldea Ventures launches €150m fund-of-funds
VC house expects to hold a €35-45m first close by the end of July and a final close in around one year
17Capital provides £125m in preferred equity to Exponent III
LPs in Exponent III include Aberdeen Standard Investments, Central Pension Fund and CNP Assurances
Alcedo to launch €230m fifth fund
Alcedo V will target Italian companies with high-growth potential and an export-orientated approach
Priveq holds first and final close for sixth fund
Vehicle will be used to develop growth companies with a turnover of SEK 100m-1bn
Kennet V closes on €223m
Registered in February 2018, the fund's original target was €200m, with a hard-cap of €250m
Innvotec launches Female Ventures Fund
Fund provides initial capital, followed by further financial and advisory support after the early stages
EQT leads $3m seed round for Willa
Company will use the proceeds to launch its product Willa Pay
Auster Fund I holds first close on $500m
Auster intends to target equity tickets of $50-200m with the ability to commit larger amounts
Equinox closes third fund on €360m
Equinox III targets Italian companies operating in the food, retail, technology and healthcare sectors
Summit Europe Growth Equity III closes on €1.1bn
Summit Europe III is structured as a Luxembourg LP, while Summit Partners itself is based in the US
Elysian III holds first close on £270m
Domiciled in the UK as a UK limited partnership, the fund has a target of £300m
BayernKapital closes second Bavarian Growth Fund
Fund is backed solely by LfA Förderbank Bayern and will invest in Bavarian tech companies
MVI holds first close on MVI Fund II on SEK 688m
Small-cap GP is expected to hold a final close in autumn this year
Unigestion announces closes for Secondary V and Direct II
Secondary V has held a first close on €228m, while Direct II held a third close on €375m
CBPE X nears final close towards £525m target
CBPE X is likely to target UK-based companies with enterprise values of £25-150m
VentureWave holds first close of Impact Ireland fund
Ireland-based VentureWave both supports buyouts and provides venture investments
Andera closes ActoMezz IV in excess of €500m
Sponsorless mezzanine fund is the largest raised by Andera (formerly EdRip) to date
BNP Paribas Euro SME Debt Fund II holds €576.5m final close
Investment period for the GP's €500m predecessor debt vehicle ended earlier in 2020
Connect Ventures closes $80m seed fund
Fund deploys capital in companies operating across all B2B and consumer software segments
Genesis Capital launches €150m fund
GPEF IV will focus on investments in small and medium-sized companies with high growth potential
Clessidra to launch €600m fourth fund
Fund will follow the same strategy as its predecessor, Clessidra Capital Partners III
Tenzing closes second fund on £400m
Fund had a target of £350m with a hard-cap of £400m and was raised in nine weeks
Mediobanca, Russell Investments launch third private market fund
Fund invests in secondaries, distressed assets and opportunities in dislocated industrial sectors
SwanCap nears final close for latest fund
SwanCap's private equity co-investment fund expects to close 20% above its €250m target
