NETHERLANDS/UK - PTV fund reaches EUR150m target; expands team

The fund size is a significant step up from the firm's previous vehicle, and is expected to hold a final close in the coming weeks.

In line with the growth of the capital under management, PTV has expanded its team with two new partners: Jelto Kromwijk Smits, the former CEO of Philips Incubator; and Joost Holleman, formerly principal of fund investments at AlpInvest Partners.

In October 2008 PTV and Philips reported the spinning out of five technology companies from the Philips Incubator venturing program and the decision of Philips to become an investor in PTV's most recent fund.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• Benelux
• UK / Ireland