Funds
Sixth Street closes second European direct lending fund on €1bn
Predecessor fund Specialty Lending Europe I closed on тЌ800m and had invested тЌ946m across 18 companies
Montana Capital Partners closes OSP V on €1.3bn
MCP took eight months to raise the secondaries-focused fund, the GP said in a statement
BGV closes fourth fund on €140m
Following this fundraise, the firm expects to expand the investment team with one or two hires
Ace Aero Partenaires nets further €100m commitment
Crédit Agricole, its regional subsidiaries and LCL push the fund closer to its €1bn target
AlpInvest closes seventh secondaries fund on $9bn
ASP VII is a dedicated secondaries investment programme focused on fund interests and GP-centered investments
Iberia Fundraising Pipeline - Q4 2020
Unquote compiles a roundup of the most notable fundraises ongoing across the Iberian market
Waterland VIII holds final close on €2.5bn hard-cap
Three-month fundraising process was conducted entirely remotely, the GP said in a statement
Alder to start raising new fund in H2 2021
Sponsor is currently investing from Alder II, which closed on its hard-cap of SEK 1.5bn in 2019
Kline Hill Partners' third secondaries fund now 40% deployed
Kline Hill Partners Fund III held a second and final close on its $450m hard-cap in April
Wellington Hadley Harbor III closes on $1.8bn
In addition to the capital raised, the fund also has access to up to $400m from co-investors
Committed Advisors closes fourth secondary fund on €1.6bn
CASF IV is already 20% deployed and attracted a swathe of new LPs
Forbion V closes on €460m hard-cap
Investors in Forbion V include a mix of existing and new LPs including Pantheon and Argentum
Sova VC makes first investment from debut fund
Although sector agnostic, the Sova VC team has a focus on technology and healthcare
Highland Europe closes fourth fund on €700m hard-cap
Kirkland & Ellis provided legal advice and the firm did not use a placement agent
Scale Venture Partners Fund VII closes on $600m
Fund targets software startups, with a special focus on cloud infrastructure, cybersecurity and AI
Target Global holds first close for second growth fund on €300m
Target Global I closed on €300m in 2015 and is now fully deployed
Mirabaud Lifestyle Impact & Innovation holds €56m first close
Fund targets companies active in the ready-to-wear, cosmetics, jewellery, accessories, health and lifestyle sectors
Certior holds first close on €35m for special opportunities fund
Fund has a target of тЌ75m and is due to hold a final close in May 2021
TriSpan Opportunities Fund II holds first close
Fund focuses on investment opportunities in the lower-mid-market across North America and Europe
Andreessen Horowitz raises $4.5bn across two funds
VC raises $1.3bn for its seventh early-stage fund and $3.2bn for its second growth fund
HIG Europe Capital Partners III closes on €1.1bn
Fund invests in buyouts, recapitalisations and corporate carve-outs of European businesses
Latour Capital III holds final close on €1bn
Fund targets majority transactions and spin-outs of large companies mainly based in France
CBPE X closes on £561m hard-cap
Rede Partners acted as global placement adviser and Macfarlanes as legal adviser
GSK spinout SR One closes $500m debut fund
Biotechnology-focused vehicle will invest in Europe and the US, with GSK as cornerstone investor