GP Bullhound IV holds €65m first close

Nicole Tovstiga
22 January 2018

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Corporate finance house and venture capital investor GP Bullhound has held a first close raising тЌ65m for its GP Bullhound Fund IV.

The latest vehicle has already surpassed the capital raised by its predecessor, GP Bullhound Fund III, which closed on €34m.

Fundraising began in the spring of 2017 with great momentum, GP Bullhound partner Joakim Dal told unquote".

The advisory and investment firm tends to see a lot of dealflow in the tech hubs where it has established offices, including London, Manchester, Stockholm, Paris and Madrid.

The fund has not made an investment yet, but, with a first close held, the investment team is actively pursuing investment opportunities, Dal added.

There are no immediate plans for a second or final close but GP Bullhound intends to continue to raise capital alongside its investments.

Investors
The European Investment Fund approved an investment in GP Bullhound Fund IV in September 2017. The remaining investor base consists of a mix of institutional capital, family offices and entrepreneurs.

Investments
GP Bullhound Fund IV broadly follows the investment mandate of its predecessors and seeks to invest in European information technology companies. The fund invests from early stages to pre-IPO with an equity ticket range between €500,000-10m.

People
GP Bullhound – Joakim Dal (partner).