Funds
NORWAY - HitecVision V closes on $800m hardcap
HitecVision has received commitments of $800m for HitecVision V L.P, closing on its hardcap. The fund far exceeded its $600m target and was significantly oversubscribed. The vehicle has a 10+1+1 lifespan with a 5 year investment period.
NORWAY – Viking Venture III closed on NOK 500m
Viking Venture III has closed on NOK 505m. Investors in the fund include, Argentum, Formuesforvaltning, Gjensidige Forsikring, Jebsen Asset Management and DnB Nor.
UK - Endless closes fund on £164m
Endless LLP has reached the first and final close of its new investment vehicle, Endless Fund II, with commitments totalling ТЃ164m. This is in excess of the firmтs original target of ТЃ120m. The close heralds the establishment of the first institutionally-backed...
EUROPE - New fund Vitruvian closes on EUR 925m
New middle-market private equity firm, Vitruvian Partners, has closed its maiden fund, Vitruvian Investment Partnership (VIP), on EUR 925m, exceeding its EUR 900m target.
GERMANY - Target Partners announces first closing of Fund II on EUR 61.5m
Target Partners, a Munich-based venture capital firm, today announced the first closing of its new fund, Target Partners Fund II, on EUR 61.5m. Private individuals, family offices and institutional investors made commitments, including Morgan Stanley,...
UK - TLcom Capital reaches first close of second fund on EUR 50m
TLcom Capital has reached the first close of its second fund with the backing of IDeA, European Investment Fund, Access Capital Partners and Finlombarda. London-based venture investor TLcom's new fund, TLcom II, held a first close on EUR 50m and is targeting...
FRANCE - Pragma Capital closes second fund on EUR 345m
Pragma Capital has closed its second fund Pragma II on EUR 345m. The fund exceeded its target by EUR 45m. It will seek to invest between EUR 10m and 35m in companies with a value of between EUR 50m and EUR 250m.
ITALY/SPAIN - Investindustrial reaches final closing on EUR 1bn
Investindustrial has reached the close of its fourth fund, Investindustrial IV LP, on EUR 1bn, EUR 200m over the initial target. The fundraising was completed in a record three month period.
FRANCE – Pechel holds second close of fund on EUR 101m
Pechel Industries Partenaires has held a second close of new fund Pechel Industries III on EUR 101m. The fund will be used to invest in development capital and LBOs in small to mid-sized French companies with equity commitments of EUR 7-20m per deal....
ITALY/FRANCE - 360° Capital closes fund on EUR 100m+
360° Capital Partners has announced the closing of its latest vehicle on over EUR 100m.
SPAIN - Abraxa launches two renewable energy funds
Abraxa Integrated Financial Solutions has been granted authorisation by the Spanish stock exchange regulator CNMV to launch two funds - Abraxa Capital Privado II and Abraxa Capital Privado III.