Funds
Partech closes third seed fund of $100m
Partech Entrepreneur III surpasses its original target of $80m
Parcom holds €775m final close for sixth flagship fund
GP took six months to reach its €775m hard-cap target
Index Ventures raises $2bn across two new funds
Index Ventures Growth V, which targets later-stage companies, raises $1.2bn, while Index Ventures X closes on $800m
October starts deployment of Italian direct lending fund
Firm also manages October SME IV, a European Long Term Investment Fund (ELTIF) with a €250-300m target
Inovo launches €40m second fund
Fund will invest in CEE-based tech startups in late-seed and series-A rounds
17Capital invests €100m preferred equity in European fund
Funds provided will enable the manager to invest further in their existing portfolio companies
EQT warns of "longer" fundraising for flagship vehicle
GP states it is currently focusing on developing existing portfolio companies until market recovery
Tikehau launches fund for Banca March private clients
Fund focuses on companies active in energy transition by financing their development and expansion
CVC attracts big LP tickets for new flagship fund
GP is aiming to raise €17.5bn by a June deadline and is already raking in large commitments
Market braces for 12.6% drop in valuations by Q2 – report
NAVs expected to drop for Q1, with a steeper mark-down for Q2 as the crisis take its toll
MCH holds €200m first close for fifth private equity fund
MCH Iberian Capital Fund V has a €400m target and invests in mid-sized Iberian companies
Essling refocuses on co-invest and LBO, as co-founder departs
Michele Mezzarobba leaves the firm having co-founded it in 2017
KKR expects lower valuations for its portfolios due to Covid-19
GP forecasts that emergency restrictions will challenge its ability to market new funds and strategies
Fortino Capital Partners holds first close on third fund
LPs backing the €45m first close comprise existing investors following the launch in Q1 2020
EC launches €300m platform Escalar
In its pilot phase, Escalar will provide up to тЌ300m, backed by the European Fund for Strategic Investments
Axcel holds first close for sixth flagship fund
GP's sixth fund has already raised 77% of the amount raised by its predecessor
Crescent European Specialty Lending Fund II closes on €1.6bn
CESL II invests in a diversified portfolio of private secured debt issued by European companies
GPs turn to preferred equity in hunt for emergency liquidity
GPs seek to raise pots of capital fast to insulate their portfolio companies from the economic fallout of Covid-19
Blockchain Valley Ventures gears up for new fund launch
Swiss venture and advisory firm BVV backs companies in the blockchain and emerging fintech space
Silverfern holds first close for SGO Fund III
GP expects a final close in 2020 and sees market opportunities in spite of the coronavirus pandemic
Italian fundraising processes disrupted by Covid-19 crisis
A round-up of the processes affected, as well as those still pushing through despite the pandemic
StepStone closes fourth secondaries fund on $2.1bn
SSOF IV's investment strategy focuses on the inefficient segments of the secondaries market
Springrowth closes debt fund on €417m, plans new €200m rescue fund
Fund targets mid-market European companies generating EBITDA of at least €3m and revenues of €30-150m
Patrimonium holds €100m first close for debut fund
GP aims for final close within 12 months, despite the ongoing impact of Covid-19