Highland Europe holds €463m final close

According to a statement, the vehicle was raised over a 12-week period and was "significantly oversubscribed".

Highland held a final close for its maiden European fund, Highland Europe, on its hard-cap of €250m in 2014. The fund reached a first close in 2012, around six months after it was initially announced. The vehicle had an original target of €200m.

Highland Europe Technology Growth II was closed on €332m in 2015.

Investors
Highland's second European fund received commitments from LPs including the European Investment Fund and Industriens Pensionsforsikring.

Investments
The new fund will invest in software and internet-enabled businesses, with an equal geographic split between France, Germany, the UK and the rest of Europe. It will focus on businesses looking to expand internationally. Its predecessor made equity investments of €10-30m.

Recent deals made by the firm include a $21m investment in IP protection software and consultancy business Incopro, and leading a $30m series-B for video technology company Bitmovin.

People
Highland Capital Partners – Fergal Mullen (partner, co-founder).

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