News/Funds
UK - Endless closes fund on £164m
Endless LLP has reached the first and final close of its new investment vehicle, Endless Fund II, with commitments totalling £164m. This is in excess of the firm’s original target of £120m. The close heralds the establishment of the first institutionally-backed...
EUROPE - New fund Vitruvian closes on EUR 925m
New middle-market private equity firm, Vitruvian Partners, has closed its maiden fund, Vitruvian Investment Partnership (VIP), on EUR 925m, exceeding its EUR 900m target.
GERMANY - Target Partners announces first closing of Fund II on EUR 61.5m
Target Partners, a Munich-based venture capital firm, today announced the first closing of its new fund, Target Partners Fund II, on EUR 61.5m. Private individuals, family offices and institutional investors made commitments, including Morgan Stanley,...
UK - TLcom Capital reaches first close of second fund on EUR 50m
TLcom Capital has reached the first close of its second fund with the backing of IDeA, European Investment Fund, Access Capital Partners and Finlombarda. London-based venture investor TLcom's new fund, TLcom II, held a first close on EUR 50m and is targeting...
FRANCE - Pragma Capital closes second fund on EUR 345m
Pragma Capital has closed its second fund Pragma II on EUR 345m. The fund exceeded its target by EUR 45m. It will seek to invest between EUR 10m and 35m in companies with a value of between EUR 50m and EUR 250m.
ITALY/SPAIN - Investindustrial reaches final closing on EUR 1bn
Investindustrial has reached the close of its fourth fund, Investindustrial IV LP, on EUR 1bn, EUR 200m over the initial target. The fundraising was completed in a record three month period.
FRANCE – Pechel holds second close of fund on EUR 101m
Pechel Industries Partenaires has held a second close of new fund Pechel Industries III on EUR 101m. The fund will be used to invest in development capital and LBOs in small to mid-sized French companies with equity commitments of EUR 7-20m per deal.
ITALY/FRANCE - 360° Capital closes fund on EUR 100m+
360° Capital Partners has announced the closing of its latest vehicle on over EUR 100m.
SPAIN - Abraxa launches two renewable energy funds
Abraxa Integrated Financial Solutions has been granted authorisation by the Spanish stock exchange regulator CNMV to launch two funds - Abraxa Capital Privado II and Abraxa Capital Privado III.
ITALY - TTVenture fund launched by banking foundations
TTVenture a new closed fund dedicated to the transfer of technological research to companies has been launched by banking institutions. The vehicle is reported to have so far raised EUR 60m.
SWEDEN - STING Capital closes new seed fund on SEK85m
STING Capital (Stockholm Innovation & Growth) has held a second and final close on SEK 85m for a new seed fund.
UK - Lyceum Capital closes second fund above target on £255m
Lyceum Capital has closed its second fund £55m above its £200m target on £255m. Lyceum Capital Fund II will invest, alongside management, in mid-sized UK-headquartered service companies. This is the first fund that Lyceum has raised since its buyout...
FRANCE – Acto Mezzanine stages final close on EUR 187m
Acto Mezzanine completed the final close of Acto Mezzanine FCPR on EUR 187m ahead of its target size of EUR150m. Insurance company Groupama committed approximately 40% of the fund’s total, while the balance was financed by French institutional investors,...
UK - New music EIS fund seeks to raise £10m
Power Amp Music is seeking to raise £10m as an approved investment fund under the Enterprise Investment Scheme (EIS). The new vehicle, Power Amp Music Fund, will invest in a diversified portfolio of UK music talent, capitalising on the rapidly changing...
NORWAY - Energy Ventures closes new fund on NOK 1.3bn
Energy Ventures has closed its third fund, Energy Ventures III, on NOK 1.34bn. ($243m). The new vehicle will invest in petroleum-related technology companies.
FINLAND - Inventure holds first close on EUR 35m for new early-stage fund
Inventure Fund KY, a venture fund focusing on early-stage technology deals, investing in the Nordic countries and primarily in Finland, has held a first close on EUR 35m.
FINLAND - Pohjola Private Equity holds second close on EUR 119m
Finnish Pohjola Private Equity has held a second close on its first fund-of-funds on EUR 119m, exceeding its target of EUR 100m.
BALTICS - GILD Bankers plans to launch new EUR 50m fund
GILD Bankers is planning to launch a new private equity fund in Q2 2008 with a target of EUR 50m.
EUROPE - Investcorp Technology Fund exceeds target by $100m closing on $500m
Investcorp Technology Partners (ITP) has completed the fundraising for its latest vehicle Investcorp Technology Partners III (ITP Fund III) raising $500m. The final close exceeded the fund's initial target of $400m and beats the $300m raised for ITP Fund...
UK - Bowmark Capital closes £265m fund in ten weeks
Bowmark Capital has closed its new fund, Bowmark Capital Partners IV, with total commitments of £265m, only ten weeks after its launch last year. With 23 investors, the fund was significantly oversubscribed at its hardcap following the success of Bowmark's...
FINLAND - CapMan Technology 2007 closes on EUR 142m
CapMan Technology 2007 has closed on EUR 142.3m, just short of its EUR 150m target. The vehicle employs a 10+1+1 structure and is based in Gurnsey.
DACH - Ventizz Capital Fund IV closes on EUR 450m
Ventizz Capital Partners has closed Ventizz Capital Fund IV LP with EUR 450m of total commitments, making the fund one of the largest private equity vehicles for the DACH region. Raised in approximately six months, the fund closed above its initial EUR...
UK - Matrix looks to raise additional £15m for Income & Growth VCT
Matrix Private Equity Partners (MPEP) is aiming to raise £15m in an S share offer for The Income & Growth VCT, formerly named TriVest VCT, on the back of strong performance in the sector and by MPEP. The new S share fund will be managed separately from...