Insurance services specialist Phoenix Group has launched its first venture capital fund, Phoenix Venture Capital Partners, with an initial allocation of £100m.
Primaries, early secondaries and co-investment fund is intended to extend the GP's existing strategy
Fund has a EUR 4bn target and intends to make impact-driven investments in mature companies
GP previously raised EUR 70m for SISA, a fund dedicated to healthcare technology
Christoph Waer, Tim He and Matthias Fink join the firm in three different geographies