Benelux
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
MVM invests $14m in MDxHealth
MVM is drawing equity from MVM Fund V, which held a first close on £150m in November 2018
FSN's Fellowmind bolts on ProActive
Add-on follows the GP's acquisition of the IT consultancy in November 2019 via FSN Capital V
Anders Invest buys 50% stake in Topvorm Prefab
GP sees a positive future for the residential construction sector in spite of short-term challenges
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
Unquote Private Equity Podcast: Fund financing in a fix
The Unquote team looks at how PE managers are turning to fund financing in a bid to shore up their portfolios
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Holland Capital exits Inno4Life
Holland Capital provided growth capital and took a stake in Inno4Life in July 2017
Hold or exit: how the previous crisis affected holding periods
The slow period of economic recovery after the GFC resulted in prolonged holding periods, increasing gradually and reaching a peak in 2013
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
Bolster Investment buys 60% stake in Mark Climate Technology
Climate control systems company will seek add-on acquisitions following the investment
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 €300m, backed by the European Fund for Strategic Investments
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
Secondaries players hold fire despite copious dry powder
Market is likely to pause until Q2 2020 valuations are released, potentially leading to a flurry in Q4
StepStone closes fourth secondaries fund on $2.1bn
SSOF IV's investment strategy focuses on the inefficient segments of the secondaries market
Q&A: Cambridge Associates' Featherby on PE's time to shine
Very few managers will have net benefited from this crisis, says Featherby, but PE could still showcase its ability to outperform
Insight Partners XI closes on $9.5bn
Fund deploys equity tickets in the $10-350m range in startups operating across the software industry
Main Capital-backed Obi4wan buys HowAboutYou
With the support of Main Capital, the group plans to build a software platform and expand internationally
Holland Capital invests in Eshgro
GP first invested in the cloud software provider in 2017 and owns a majority stake in the company
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Welcome aboard: PE recruitment amid coronavirus
PE-focused recruiters and some GPs themselves are figuring out ways to progress recruitment processes, but challenges remain
Consortium backs $112.5m round for Collibra
Data software company was valued at $1bn post money in its 2019 round and is now valued at $2.3bn
VC, growth activity collapses in March amid Covid-19 outbreak
European VC and growth capital dealflow was no more sheltered than its buyout counterpart