Funds
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 ТЃ300m
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 ТЃ25-150m
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 тЌ500m 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 ТЃ350m with a hard-cap of ТЃ400m 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
Abante, Altamar to manage Mapfre fund-of-funds
Mapfre Private Equity is managed by Abante, while Altamar acts as investment adviser
Sherpa Special Situations III closes on €120m
Fund targets distressed companies based in Iberia and active across a wide variety of sectors
Piper to launch next fund in 2021
Managing partner Chris Curry told Unquote the fund is expected to target ТЃ150-175m
Epidarex Capital III closes on £102m
Fund invests in new life science companies from emerging research hubs across the UK
BlackRock and ApoBank launch healthcare fund
BlackRock-managed fund aims to give ApoBank's institutional clients access to healthcare investments
HQ Capital closes Auda VIII on $750m
GP's latest fund-of-funds vehicle is its largest yet and is double the size of Auda VII
Hoxton closes second fund on almost $100m
Hoxton Ventures II has a 30% carry rate with a 2.5% management fee and no hurdle
Fly Ventures holds final close for second fund on €53m
Berlin-based VC will continue its focus on seed investments in enterprise software and "deeptech"
Corten closes debut fund on €392m
Corten began raising in January 2019, thus avoiding potential delays in the current market