
Via Venture closes third fund on DKK 1bn
Via Venture Partners has raised DKK 1bn for its third fund focusing on Nordic businesses in the technology and services sectors.
At current exchange rates, the new vehicle is identical in size to its euro-denominated predecessor, Fond II, which closed on €134m in November 2010.
Via Venture said the its first two funds generated a net profit of DKK 556m in 2015, with the majority accounted for by Fond II.
Investments
Via Venture invests in both large-cap businesses and SMEs, and has typically targeted companies in the software, internet, technology and services sectors. The firm makes individual investments in companies with a turnover of between €10-100m and co-invests in larger businesses alongside ATP Private Equity Partners, one of its two LPs.
In April 2016, Via Venture and ATP exited energy asset management and trading company Neas Energy to British energy group Centrica in a DKK 1.6bn EV deal.
Investors
Two Danish pension funds each committed DKK 499m to the vehicle, namely ATP – which had been the sole investor in Via Ventures’ two previous vehicles – and PFA. Via Venture employees will contribute the remaining DKK 2m.
People
Via Venture Partners – John Helmsøe-Zinck (managing partner).
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