BonVenture starts second social responsibility fund

BonVenture Management GmbH has held a first closing of BonVenture II GmbH & Co KG (BV II) on EUR9.39m. The investmetns were made in December 2008 but signings are possible until the middle of 2009.

BV II will invest in companies and organisations with a social purpose in German-speaking countries. A precondition for any investment is the involvement of a social entrepreneur with the project.

Founded in 2003, BonVenture Group offers the option of non-profit investments in private equity to support projects with a social purpose. BonVenture consists of BV I and BV II, which act as investment arms, and the BonVenture gGmbH, which is similar to a foundation.

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