The Independent Voice of
European Private Equity

Advanced Search

Mid [€200M - €1B]

ThinCats launches regional fund

The fund targets midsized SMEs across the UK

Liquidity Private Debt Thincats Uk

World Fund closes debut vehicle

The vehicle is the largest first-time fund in European climate VC history

Bpi France Climate Investment Climatetech European Investment Fund World Fund

Exclusive: Tresmares to close third PE fund in March

The Spanish firm also plans to open new offices and launch additional funds, partner Ignacio Calderón tells Real Deals

Exclusive King & Wood Mallesons Spain Tresmares Capital Uk

Cibus Capital harvests over $600m for food and agriculture investments

The GP believes agrifood technology has the potential for "unprecedented positive change"

Agriculture Agrifood Biodiversity Cibus Capital Esg Sustainability

Limerston closes second fund

The vehicle has completed three investments to date

Limerston Capital Ropes & Gray Whr Capital

Lightrock-backed Sunfire completes series-E financing round

The German electrolyser manufacturer has secured more than €500m

Ahren Amazon Climate Pledge Fund Blue Earth Capital Carbon Equity European Investment Bank Germany Gic Lgt Capital Lightrock Planet First Partners

Hamilton Lane closes eighth credit fund on $700m

The fund’s predecessor closed on more than $950m in September 2022

Africa Asia Hamilton Lane Latin America Middle East North America

Maguar Capital Partners’ second fund holds final close on hard-cap

The GP said existing investors “significantly” increased their investment amounts

Asante Capital Clifford Chance Germany Maguar Capital Partners

GP Profile: Core Equity

Real Deals catches up with ex-Bain Capital alum and Core Equity co-founder Thomas De Waen to discuss the atypical GP’s strategy and why it prefers to stay away from PE’s traditional pass-the-parcel model

Belgium Core Equity

Gresham House launches UK biodiversity fund

The vehicle will be part of Gresham House’s British Sustainable Infrastructure Fund strategy

Biodiversity Environment Bank Limited Gresham House Uk Willis Towers Watson

Trilantic Europe closes Energy Transition fund on €375m

The new vehicle has already executed its first two portfolio investments

Trilantic Europe

BNP Paribas Asset Management launches second co-investment fund

The fund will be invested in various opportunities, such as co-investments, equity flexing and GP-led transactions

Bnp Paribas France

Riverside’s RAC Opportunity Fund II closes at $235m

The fund provides growth opportunities to B2B software companies

Final Close Fundraising

Speedinvest closes fourth fund on €350m

The firm was established in 2011 and has an AUM of more than €1bn today

Aviva European Investment Fund Pwc Speedinvest

Fund in Focus: Indigo Capital holds first close of third fund on €120m

CEO Monique Deloire tells Real Deals the firm aims to hold the final close of the vehicle by December 2024

France Hybrid Capital Indigo Capital

Progressio Investimenti IV holds first closing on €182m

Commitments from its existing investor base made up more than 75% of the fundraising, the GP said

Di Tanno Associati Italy Legance Progressio

Future Energy Ventures banks €110m for new fund

FEV was launched in 2016 and is backed by E.ON

E.on European Investment Fund Future Energy Ventures Germany

Exclusive: Arcano Partners eyes Q1 first close for second impact fund

The firms aims to secure commitments from its existing backers before expanding its outreach to international investors, Ricardo Miró-Quesada tells Real Deals

Arcano Funds Of Funds Impact Investing

Italy’s Alto Partners closes fifth fund

The vehicle is 30% larger than its predecessor

Fundraising Italy

Vidia Equity closes Climate Fund I on €415m hard-cap

The fund will focus on emissions reductions in five of the most emission-intensive sectors

Rede Partners

Arcano Partners launches fifth private equity secondary fund

ASF V will maintain the strategy of the firm's previous secondary programmes

Fund Launch Secondaries

Gyrus Capital banks €310m for second fund

The vehicle enjoyed an almost 100% re-up rate, partner Hannah Tobin told Real Deals

Fundraising

Tikehau Capital launches sophomore aerospace fund

French aviation leaders Airbus, Safran, Dassault Aviation and Thales will also collaborate on the fund

Tikehau Capital

Partech launches €360m venture fund

The fund’s predecessor reached its hard-cap of €400m in June 2017

Fintech Fundraising Venture Capital

Pictet raises $320m for health PE fund

The alternative investment business exceeded its target size

Healthcare

Apax Global Impact Fund holds final close on c.$900m

The fund will invest in companies that tackle environmental or social issues

Apax Partners Esg Final Close Rede Partners

AnaCap closes maiden continuation fund on c.€300m

The close represents the fourth and fifth full exits from AnaCap’s Fund III

Anacap Stirling Square Capital Partners Ta Associates

Fortino Capital’s second PE fund holds final close on €377m

The GP seeks to invest in B2B SaaS and PaaS firms with at least €5m turnover

B2b Fund-close Germany

Nexxus Iberia’s second vintage begins deployment

While the GP is sector-agnostic, it favours healthcare opportunities in Iberia, co-founder Pablo Gallo reveals to Real Deals

Fund Launch Fundraising Healthcare Spain

Partech launches debut impact growth fund

The fund has already made its first investment in SustainCert

Growth Sfdr

Investcorp launches $750m climate solutions investment platform

The platform aims to accelerate net-zero carbon transition

Climate Investment Investcorp

Fund in Focus: EOS tops hard-cap for second fund

The GP plans to make its first investment by the year-end, partner Philipp Wegener tells Real Deals

Fundraising

Nexxus Iberia holds first close of second vintage on €230m

Nexxus II seeks SMEs opportunities across a large range of sectors

First Close Manufacturing Southern Europe

Gilde’s fourth venture and growth fund holds final close on €740m hard-cap

The vehicle held a first close at €600m in April this year

Final Close Fundraising Gilde Healthcare Healthcare Private Equity

Fund in Focus: Tikehau targets €500m for cybersecurity vehicle

The fund has made two investments including ChapsVision, says Gilles Daguet, head of private equity cybersecurity strategy

Cybersecurity Fundraising Tikehau Capital

Adams Street closes 2023 global fund program on $820m

The recent fund fell short of its predecessor by 25%

Fundraising

Carlyle’s Abingworth closes life sciences fund at $356m

The investment group has raised nearly $1bn for life sciences since 2021

Fund-close Life Sciences

Sofinnova Partners closes digital medicine fund

The VC surpassed its initial target by 28%, a source told Real Deals

Tikehau holds first close of €200m cybersecurity vehicle

Brienne IV has already surpassed its predecessor, which raised €175m

Cybersecurity

BaltCap holds first close of sophomore infra fund

BaltCap Infrastructure Fund II is targeting a total of €200m

Baltcap Baltics First Close Fundraising Infrastructure Private Equity

Jolt Capital bags additional €100m for fourth fund

The extension follows the vehicle’s reopening in early 2023

Fundraising Jolt Capital

Horizon Capital raises c.$300m

The fund will back “visionary” entrepreneurs in Ukraine and Moldova

Fundraising Horizon Capital Ukraine

Oakley Capital’s Origin Fund II reaches €750m hard-cap in four months

The fund received commitments from 18 new LPs

Fundraising Oakley Capital

SET Ventures raises €200m for fourth fund

The Amsterdam-based VC looks is eyeing investments in technology companies that are shaping a carbon-free energy system

Fundraising Venture Capital

Apax raises c.$750m for credit fund

The vehicle is already close to 40% deployed

Apax Partners

ECI Partners banks £1bn for 12th buyout fund

The vehicle represents ECI’s biggest ever fund and is about 40% larger than its predecessor fund

Eci Partners Fundraising Private Equity

Dawn Capital raises $700m through two funds

Together, the funds will help the PE firm to back companies from series A all the way to exit

Fundraising Venture Capital

NORD’s second co-investment fund holds first close on €125m

The fund is classified as SFDR Article 8

Co-investments First Close Nord Holding Private Equity Small-cap

Fund in Focus: INVL kicks off fundraising for new PE vehicle

Executive partner Deimante Korsakaite tells Real Deals that the GP is aiming for a first close in Q1 2024

Baltics Fundraising

Astanor Ventures closes sophomore fund on €360m

Established in 2017, the firm aims to identify innovative technologies that will drive the bioeconomy

Agriculture Venture Capital

Germany’s Bid Equity raises €310m for third fund

The Luxembourg-domiciled vehicle represents the largest fundraise for the firm

Germany

Andera Partners banks €750m for fifth mid-cap fund

Andera MidCap 5 represents the largest fund ever across the firm's six strategies

France Fundraising Sfdr

Isatis Capital launches new fund

All of the funds in the strategy are classified as Article 8 under SFDR

Mérieux Equity Partners closes MP4 fund on c. €570m

More than 85% of LPs from the firm’s predecessor fund renewed their investment in the new vehicle

Final Close Fundraising Healthcare Private Equity

Neva SGR launches two funds

Neva II Global and Neva II Europe have a total target size of €500m

Fund Launch Fundraising Private Equity Venture Capital

Swen Capital Partners banks €80m to support French SMEs

The vehicle will focus on environment, health, and business services

France Swen Capital Partners

Fund in Focus: Glentra Capital’s Fund I holds first close on €443m

Director Christina Sobfeldt Jahn told Real Deals that having Novo Holdings and PKA as anchor investors was a “massive vote of confidence”

First Close Private Equity

SHS Capital’s sixth fund holds final close on €270m

The “oversubscribed” vehicle is more than double the size of the GP’s predecessor fund

Final Close Fundraising Healthcare Private Equity

NordicNinja VC closes sophomore fund on €200m

Fund II is approximately twice the size of the VC’s first fund

Baltcap Final Close Fundraising Private Equity Venture Capital

Ufenau closes Continuation Fund 4 on €450m hard-cap

The Swiss investment firm said UC4 was “significantly” oversubscribed

Private Equity Ufenau Capital Partners

Argos Wityu decarbonisation vehicle banks €120m in its first close

Argos Climate Action seeks to decarbonise European SMEs through latest vehicle

Cerea Partners bags €300m for new debt fund

Cerea Mezzanine IV is 50% bigger than its predecessor fund

Fundraising

QIC partners with PenSam

The DKK2.2bn mandate from Danish pension fund PenSam expands Queensland Investment Corporation’s exposure to European PE

Fund in Focus: Armònia’s sophomore fund holds first close on €140m

The GP is working on two exclusive deals from its latest fund that will be announced in Q1 2024, Alessandro Grimaldi, founding partner and CEO, told Real Deals

Fundraising Italy

Fund in Focus: Medicxi targets unmet medical needs with new vehicle

The GP’s fourth fund closed on $400m and is looking to start deploying capital post-summer

Fundraising Healthcare

Fund in Focus: Nordic Alpha Partners’ sophomore growth fund holds first close on €150m

Speaking to Real Deals, senior partner Laurits Bach Sørensen says NAP Fond II has been on the road for more than a year

First Close Fundraising Private Equity

Fund in Focus: Fremman Capital closes maiden fund at €600m

Ricardo de Serdio speaks to Real Deals as Fremman’s total AUM tops €1bn

Fundraising Mid-market Private Equity Sfdr Southern Europe

KKA Partners closes Fund II on €230m

The vehicle has a primary focus on B2B services and the healthcare space

B2b Berlin Fund Close Fundraising Healthcare Private Equity

LGT CP’s CGR IV fund holds final close on c.$930m

The fund will invest in primary venture capital and growth-stage funds

Final Close Fundraising Private Equity

Fund in Focus: Qualium closes third fund on €535m after 16 months

Real Deals catches up with managing partner Jean Eichenlaub, as the final close figure of the third generation fund is announced at €535m

France Fundraising Mid-market

Notion Capital V holds final close on €300m hard-cap

Notion’s latest flagship venture fund is almost double the size of its predecessor

Fundraising Private Equity Venture Capital

Cathay Capital closes Small Cap IV Fund on €240m

Small Cap IV will invest in 12-15 companies in the healthcare, software, consumer and education sectors across Europe, North America and Asia

Fundraising

Exclusive: Andera Partners eyeing €1bn for fifth debt fund

'Previously Andera Acto completed nine transactions per year, but it could execute 12-15 transactions this year from ActoMezz IV fund and its successor Acto V,' partner Stéphane Bergez told Real Deals.

Andera Partners Debt Funds Mezzanine Private Debt

Volpi Capital closes continuation fund on €250m

The vehicle will allow the GP to hold onto two assets from its 2016 vintage.

Tilt Capital hits €250m target for maiden vehicle

The fund will focus on two core areas: energy efficiency and the flexibility of energy systems.

France Fundraising

Invision eyes ‘succession investments’ with new €550m fund

In terms of size, Invision VII is 46% bigger than its predecessor fund which closed on €375m in 2019.

Fundraising Germany Switzerland

NEA Partners holds first close of third fund at SEK730m

NEA III will make minority investments in small and medium-sized entrepreneur-led Swedish growth companies.

Fundraising Investments Sweden

Fund in Focus: Munich Private Equity Partners launches fifth fund-of-funds

Speaking to Real Deals, MPEP’s managing directors Christopher Bär and Christian Moritz said they have “good” visibility on MPEP V’s pipeline for the next three years.

Fund Launch Fundraising Germany Munich

Fund in Focus: Innova Capital bullish on CEE opportunities after raising €324m for latest vehicle

The GP will focus on making controlling investments in companies with enterprise values of €50-150m, Krzysztof Kulig, senior partner at the firm, told Real Deals.

Fundraising New Fund Poland

Isomer Capital III holds first close on €250m

Aiming to deploy the fund-of-funds over three years, the firm will invest between €5m and €10m in 20 early-stage funds in the UK and Europe.

First Close Fundraising Private Equity Venture Capital

Golding Capital Partners launches second buyout co-investment fund

Golding Buyout Co-Investment 2023 will follow in the footsteps of its predecessor, which closed “substantially oversubscribed” at €273m in December 2022.

Co-investments Fundraising Golding Capital Partners

Fund in Focus: Blazehill Capital closes sophomore debt vehicle on £250m

Despite growth and consolidation, private funds are focused on bigger cheques and deployment of follow-on capital. This, alongside high street banks' retrenchment, has created a gap in the mid-market, Blazehill MD Tom Weedall told Real Deals.

Debt Funds Fundraising

Bregal Milestone closes second fund at €770m

Classified as an Article 8 fund under the EU’s SFDR, Milestone plans to take a “concrete” approach to implementing ESG improvement initiatives across the portfolio.

Esg Europe Fundraising Sfdr

Wise Equity holds final close of Wisequity VI on €400m

The fund reached its hard cap after four months on the road, attracting “significant” commitments from existing investors.

Final Close Fundraising Italy Private Equity Wise Equity

HV Capital Fund IX closes on €710m

The new fund will be split into two vehicles, Fund IX Venture and Fund IX Growth, with investment sizes ranging from €0.5m to €60m.

Fund Close Fundraising

Horizon Capital’s fourth growth fund reaches $254m

The fund has become the first in CEE to be awarded 2X Flagship Fund status, reflecting its commitment to investing in gender equality within finance.

Fundraising Horizon Capital Ukraine

Fund in Focus: Gilde Healthcare raises €600m for Venture & Growth VI fund

Speaking to Real Deals, Pieter van der Meer, managing partner at Gilde, said the vehicle reached its target size but still has “room for latecomers”.

Benelux Fundraising Growth Capital Venture Capital

Flexstone Partners raises $790m for Global Opportunities IV fund

Eric Deram, managing partner at the firm, told Real Deals that 45% of the fund’s commitments would focus on investments in the US, an equal percentage in Europe, and some 10% in Asia.

Co-investments Fundraising

Golding Capital Partners launches €600m co-investment vehicle

The fund, which has a planned life of 15 years, will invest a minimum commitment of €10m and will follow the megatrends of mobility, digitalisation, decarbonisation and demography.

Co-investments Fundraising Golding Capital Partners

Fund in Focus: Eiffel Investment holds €400m final close for Essentiel fund

Eiffel Investment Group's Romain Ohayon told Real Deals that the fund hopes to make three or four investments by the end of this year, and about 15 in total.

Final Close France Fundraising

Fund in Focus: Sweden’s Procuritas closes seventh fund above €400m

The fund is 28% bigger than its predecessor and enjoyed a re-up of more than 100% from its existing investors, Mattias Feiff tells Real Deals.

Fundraising Procuritas

EQT exceeds target to close maiden dementia fund on €260m

The vehicle – launched in January 2021 – is 160% larger than its target and has seen commitments from the Alzheimer’s Association and the European Investment Fund.

Eqt

Armen holds first close of maiden GP stakes fund at €150m

Armen has also received a strategic minority investment from a group of three French family offices – the Dassault, Faiveley and Laine-Foriel-Destezet families – to support its expansion.

France Investments

Artá Capital Fund III raises €305m at first close

Artá Capital Partners has engaged placement agent Asante Capital on its latest fundraise, as the PE firm continues to invest in family-owned companies across Spain and Portugal.

First Close Fundraising

Eurazeo Transition Infrastructure Fund holds second close

The closing brings the Article 9 fund's total commitments to c.€420m, approximately 80% of its initial target size.

Eurazeo Fundraising Sfdr

Adiuva Capital announces Fund III

Between the fund’s first closing in March 2022 and second closing in December 2022, the GP has already made investments of more than €80m.

Fundraising Germany New Fund

Innova picks up pace for final close of Innova/7

A key feature of the fundraise for Innova has been developing relationships with local investors, something it identified as a blindspot for previous vehicles.

Dansk Vækstkapital holds final close of third fund on €322m

Dansk Vækstkapital III is an investment fund-of-funds with a focus on unlisted venture funds and buyout funds, including small and mid-cap funds, with Denmark as part of their investment strategy.

Denmark Fundraising

Crédit Agricole launches €300m investment fund

The fund aims to meet the capital financing needs of French and Italian SMEs, ETIs and cooperatives involved in agricultural transitions.

France Fundraising Italy

Fund in Focus: ACP eyes €300m for Fund V

Real Deals sits down with ACP partner Christian Stix to discuss the progress of the Central Europe-focused firm's fifth fundraise.

Accession Capital Partners