Funds
Raise heads for second close for debut impact VC fund
French sponsor seeks to attract state-backed LPs for new strategy targeting ESG-focused startups
Pantheon closes private debt secondary fund on USD 834m
New vehicle exceeded target by more than USD 300m; aims for up to 20% exposure to European debt
Cathay Capital launches EUR 500m health fund
New vehicle will invest at the crossover of health care, life sciences and tech with EUR 5m-50m tickets
Advent raises USD 25bn for GPE X
Around 40% larger than its predecessor, the new fund was raised in less than six months, managing director Johanna Barr tells Unquote
PEAL Capital buys majority stake in Derma Medical
Deal marks the first investment by the female-led GP’s debut fund, which seeks to raise USD 300m
B4 Investimenti on track for new fund launch in late 2023
Italian GP plans to hit the road for Fund III after the end of its current vehicle’s investment period
DBAG to target EUR 1.3bn-EUR 1.5bn for new buyout fund next year
German GP’s new vehicle will be slightly larger than its predecessor, which is set to complete deployment in two years
Alcedo heads for June final close for Fund V
Italian GP has received EUR 230m in commitments to date for Fund V against a EUR 250m hard-cap
EMZ in final stretch of EUR 1.2bn EMZ 10 fundraise
EMZ 10 held a first close in excess of EUR 800m earlier in May and continues to seek new LPs
Portobello Structured Partnership holds EUR 250m final close
Vehicle is the GP's first dedicated fund for minority stakes in Southern European mid-market companies
Re-Pie to raise single-asset fund for Muslim fashion retailer
Turkish GP will onboard investors to the fund until 31 May; proceeds will back Modanisa’s expansion
Apollo buys minority stake in life sciences investor Sofinnova
Deal gives the French VC firm EUR 1bn in commitments for future funds as well as access to broader LP base
Earlybird holds EUR 350m final close for Digital West VII
Fund is double the size of its predecessor to keep pace with the market, Earlybird's Hendrik Brandis said
Andera Partners holds EUR 450m first close for Andera MidCap 5
Vehicle has a target of EUR 600m and is around 50% larger than its predecessor, Winch Capital 4
Equistone files seventh buyout fund
Equistone VI was 61% deployed as of December 2021 and has made 26 investments to date against the 25-30 deals it can make
FPE holds GBP 185m final close for third fund
B2B software and services-focused GP plans to seize bolt-on opportunities amidst strong dealflow
Tikehau, Unilever, Axa form EUR 1bn impact fund
Each party has made a EUR 100m commitment and the agriculture-focused fund is now open to new LPs
Schroders gears up for new VC fund-of-funds
Schroders Capital Private Equity Global Innovation Management XI has been registered in Luxembourg
Ergon holds EUR 800m final close for Fund V
New EUR 800m fund is almost 40% larger than its EUR 580m, 2018-vintage predecessor
LongeVC mulls 2023 fundraise for second fund
Biotech-focused VC could hit the road for new USD 180m-200m vehicle once Fund I’s hard-cap is reached
Naxicap preps for Fund III with eyes set on DACH, Benelux expansion
Sponsor expected to hit the road “soon” for its new EUR 1bn-plus small mid-cap buyout fund
Endeit Capital extends third fund to EUR 303m
Fund's EUR 250m 2021 final close has been extended by commitments from the KfW and existing LPs
AIB, Foresight launch SME Impact Fund with EUR 75m target
Fund has a EUR 30m commitment from AIB and expects to back its first Irish SMEs in Q3 2022
Seaya launches EUR 300m sustainable venture capital fund
Seaya Andromeda held first close on EUR 130m backed by Iberdrola, Nortia and Fond-ICO Next Tech
