Venture
GERMANY - The Foo launches EUR 25m sustainability fund
Munich-based venture firm The Foo has launched a EUR 25m sustainability fund, which will aim to make investments that fit social, ecological and economical sustainablility criteria.
ITALY - SICI launches new fund
Sviluppo Imprese Centro Italia (SICI) has launched Toscana Innovazione, a new €44m fund subscribed to by the financial institution of the Tuscan Region and the Cameral System.
SPAIN - Nauta reaches first close at EUR 50m
Nauta Capital has reached a first closing of its third fund on EUR 50m. A second closing on the target of EUR 100m is expected in the coming months.
UK - PROfounders Capital holds first close of new venture fund
London-based PROfounders Capital has held a first close of its inaugural VC fund. No financial details were disclosed.
FINLAND - CapMan Public Market Fund holds final close at EUR 138m
CapMan has held a final close of its Public Market Fund on EUR 138m. CapMan plc's own commitments are reduced from EUR 15m to EUR 7m.
ITALY - Xenon PE holds first close at EUR 113m
Xenon Private Equity has held a first close of its fifth fund, reaching EUR 113m towards a EUR 130m target.
FRANCE - EdRIP holds first close of Winch Capital 2 on EUR 175m
Edmond de Rothschild Investment Partners (EdRIP) has held a first close of its new fund, Winch Capital 2, on EUR 175m.
ITALY - Arca reaches first closing of third fund on EUR 70m
It is understood that Arca Impresa Gestioni has reached the first closing of its vehicle Arca Impresa TRE on EUR 70m. The fund is targeting targets EUR 200m.
UK/GERMANY - WHEB Ventures reaches £90m third close
WHEB Ventures has achieved a third closing of its second clean technology fund, WHEB Ventures Private Equity 2 LP, at ТЃ90m (EUR 105m).
NETHERLANDS - Holland Venture launches EUR 70m fund
Holland Venture Partners has set up NPE Holland Venture Partners Fund I, a EUR 70m fund sponsored by Natixis Private Equity.
SPAIN - Diana to launch second fund
According to reports Diana Capital is close to launching its second fund, having fully investing its first EUR 70m vehicle.
RUSSIA - UFG holds first close of second fund on $150m
UFG Asset Management has held a first closing of its second Russia-focused private equity fund, UFG Private Equity Fund II, on $150m.
UK - Albion Ventures launches £25m share issue for VCT fund
Albion Ventures, formerly Close Ventures before spinning out of Close Brothers in January, intends to launch a new share issue this autumn to raise ТЃ25m for its Albion Development VCT.