
Atlantic Bridge launches second fund with €85m commitments
Atlantic Bridge has announced the first close of its Atlantic Bridge II fund, with €85m committed.
The investment strategy will target European mid-market technology assets, primarily investing in expansion capital, late-stage venture capital and small- to mid-sized buyouts. It will also focus on assets in the communications technology, semiconductors and software sectors.
Atlantic Bridge II expects to make typical investments of between €5m and €20m in the sector in Europe and plans to co-invest with its investors. It will also selectively consider companies in the US.
The new fund is backed by institutional investors including the European Investment Fund (EIF), the National Pensions Reserve Fund (NPRF) and Enterprise Ireland (EI).
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