It's been a long time since most GPs have asked LPs for money. Special situation secondaries funds aside (last month clocked up $11bn for secondaries), most GPs are sitting tight this year, cosying up to LPs but not asking them for any firm commitments. As one placement agent described it, "To ask for money now is to force a decline." Moreover, "once that 'no' is in the minutes of a meeting, it will be extremely difficult if not impossible to reverse the decision", regardless of the economic backdrop. Hence, wise GPs are waiting until the beginning of next year at the earliest to gauge appetite
Asset is reportedly due to come to market in 2021, with the sale process most likely starting in H1
Redalpine has led a series-A funding round for Germany-headquartered pet healthcare startup Felmo.
GP intends to boost the company's growth and consolidate its market position in the Benelux and DACH regions
GP is deploying equity via WMS III and is investing with future managing director Holger Schmitz