Funds
Intesa Sanpaolo launches fintech VC Neva Finventures
New venture capital vehicle targets Italian startups in fintech sector
Ares holds final close for fifth fund on $7.85bn
Fund will make a mixture of debt and equity investments across Europe and the US
Reforms fail to redress Spain’s lack of domestic LPs
As international funds increase their exposure to Spanish private equity, domestic LPs remain in frustratingly short supply
N+1 holds €400m first close for third fund
Vehicle targets Spanish and Portuguese mid-cap companies with EBITDA of up to €40m
Backed VC closes on €30m
Backed VC aims to bring a community approach by offering carry to anyone who brings forward investments
Former Altor and Nordic Capital veterans launch Summa Equity
GP will focus on buyouts in sectors with climate and demography-driven changes
Ardian raises $14bn secondaries vehicle
Ardian's new fund attracted 180 investors from 26 different countries
Solidarietà Veneto invests €10m in Alcedo IV
Alcedo IV eyes a final close on €190-195m, with a €200m hard-cap
Forbion closes third fund on $208m
The VC has bolstered its Munich-based team hiring Matthias Falcenberg as an analyst
Cordet’s first direct lending fund holds first close at €200m
Cordet raises first fund from institutional investors including British Business Bank
Lonsdale closes maiden buyout fund on £110m
London-based GP will invest £10-15m for majority stakes on a pan-European basis
EIF backs Coparion’s €225m venture co-investment fund
EIF and KfW have set up new VC fund Coparion to invest in later-stage German startups
Accel raises $500m for latest European and Israeli vehicle
Early- and growth-stage fund will target e-commerce, SaaS and IT companies
Octopus raises £100m for VCTs
Increased consumer appetite for VCTs follows the introduction of new UK pension laws
Seed Capital closes third fund on DKK 819m
Seed's fundraising surpassed its DKK 750m target at final close and comes nearly a year after its first close
CapHorn holds €100m first close for second tech fund
Fundraising for the second fund started in September 2015, with a target set at €125m
Segulah closes 5th fund on SEK 2.4bn, short of initial target
Managing partner Henrik Lif tells unquote" smaller fund is result of management changes
Park Square closes third subordinated debt fund on €1.2bn
The vehicle surpassed its target of €1bn and has access to an additional €300m in leverage
EQT closes mid-market credit fund on €530m
Close exceeds the €500m target and marks the latest addition to the GP’s credit division
KKR closes second special situations fund on $3.35bn
The newly-raised vehicle will target credit-orientated and distressed situations globally
Flossbach von Storch holds €75m first close for third FoF
Tectum Private Equity III will invest in European and US small- and mid-cap funds
Unigestion’s Direct Opportunities Fund holds first close on €100m
Unigestion is targeting €200m for its new private equity buyout fund
Atlantic Bridge III holds first close
Vehicle has collected commitments from EIF, AIB as well as Enterprise Ireland
Albion holds early close after raising £36m
VCT manager was initially expecting to raise £25m by September