Funds
ITALY - TTVenture fund launched by banking foundations
TTVenture a new closed fund dedicated to the transfer of technological research to companies has been launched by banking institutions. The vehicle is reported to have so far raised EUR 60m.
SWEDEN - STING Capital closes new seed fund on SEK85m
STING Capital (Stockholm Innovation & Growth) has held a second and final close on SEK 85m for a new seed fund.
UK - Lyceum Capital closes second fund above target on £255m
Lyceum Capital has closed its second fund ТЃ55m above its ТЃ200m target on ТЃ255m. Lyceum Capital Fund II will invest, alongside management, in mid-sized UK-headquartered service companies. This is the first fund that Lyceum has raised since its buyout...
FRANCE – Acto Mezzanine stages final close on EUR 187m
Acto Mezzanine completed the final close of Acto Mezzanine FCPR on EUR 187m ahead of its target size of EUR150m. Insurance company Groupama committed approximately 40% of the fund’s total, while the balance was financed by French institutional investors,...
UK - New music EIS fund seeks to raise £10m
Power Amp Music is seeking to raise ТЃ10m as an approved investment fund under the Enterprise Investment Scheme (EIS). The new vehicle, Power Amp Music Fund, will invest in a diversified portfolio of UK music talent, capitalising on the rapidly changing...
NORWAY - Energy Ventures closes new fund on NOK 1.3bn
Energy Ventures has closed its third fund, Energy Ventures III, on NOK 1.34bn. ($243m). The new vehicle will invest in petroleum-related technology companies.
FINLAND - Inventure holds first close on EUR 35m for new early-stage fund
Inventure Fund KY, a venture fund focusing on early-stage technology deals, investing in the Nordic countries and primarily in Finland, has held a first close on EUR 35m.
FINLAND - Pohjola Private Equity holds second close on EUR 119m
Finnish Pohjola Private Equity has held a second close on its first fund-of-funds on EUR 119m, exceeding its target of EUR 100m.
BALTICS - GILD Bankers plans to launch new EUR 50m fund
GILD Bankers is planning to launch a new private equity fund in Q2 2008 with a target of EUR 50m.