EUROPE – DN Capital reaches EUR 50m first close

Unquoteт€ has learned from a limited partner that European early stage and growth equity investor DN Capital has reached a first close of its second fund, Global Venture Capital II (GVC II). The fund raised just under half of its EUR 100m target and should reach a final close by the end of the year. Separately, DN also appointed Philip Prescott as financial director. Prescott previously spent 10 years at CVC Capital Partners.