APFC announces 2017/18 PE investments

APFC has committed $200m to Sequoia Capital Global Growth Fund III, $49m to Index Ventures IX/Growth IV and $29m to Bain Europe V.

Sequoia Capital Global Growth Fund III, which held its first close of $6bn in April, invests in early-stage growth capital globally. Index Ventures IX also provides capital in earlier rounds for smaller startups in the US and in Europe.

As for Index Ventures Growth IV, it focuses on early-stage and seed investments across Europe, the US and Israel, in sectors such as technology, biotechnology and clean technology.

Bain Capital Europe V does not have a specific sector preference, but the asset manager provides approximately 15% of the fund for co-investment opportunities. It held its final close on €4.35bn in July.

The LP's private portfolio has a large exposure to Europe, amounting to 20.73% of the geographical mix by net asset value.

It has also a well-diversified strategy mix, where the mix includes 52.19% buyouts, 24.02% venture/growth capital, 21.42% special situations and 2.35% distressed/restructuring.

The wealth fund has allocated 11.2% of its portfolio to private equity, as of June.

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• Topics
• LPs
• Performance
• Bain Capital
• Index Ventures