Small [€200M or less]
bValue raises €90m to back tech scaleups in CEE
The announcement comes a year after bValue’s first close
Magnesium Capital raises €135m for energy-transition investments
The maiden vehicle kicked off fundraising last year
Beyond Capital Partners closes third fund on €180m hard-cap
The new fund will continue to acquire majority stakes in profitable DACH companies
French VC Quantonation raises €70m
The fund is dedicated to investing in quantum technologies
Fund in Focus: Turnstone’s latest haul to concentrate on buy-and-builds
Spun out of Argentum, Turnstone’s sophomore PE fund had a first close in December, co-founder Joachim Høegh-Krohn tells Real Deals
Miura Partners extends holding of dental business Proclinic Group
The Spanish GP has raised a single-asset continuation vehicle
Helix Kapital closes Fund III on €135.9m hard cap
Helix Kapital Fund III will continue the strategy of Helix’s previous funds, focusing on growth buyout investments in small-cap Nordic companies.
Whiterock raises first equity fund
The vehicle will make investments in Northern Ireland
Ascension raises £17m
The new fund will target "impact dragons"
Kester Capital III closes on £200m hard-cap
The fund is more than double the size of its predecessor
Fund in Focus: Mirova launches new €200m social fund
Marc Romano and Judith-Laure Mamou-Mani tell Real Deals that the fund has received €20m seed funding to kickstart it and make investments
Schroders Capital launches UK LTAF
The fund eyes tech and science opportunities within the UK VC arena
YFM closes VCTs fund on £90m
The announcement follows the close of YFM’s Buyout Fund III on £95.5m last year
CapMan banks €110m for third growth equity fund
CapMan’s growth funds have raised more than €300m since inception
Palatine’s maiden Growth Credit Fund holds first close
The fund will support maturing, high-growth but not startup companies
Turquoise and Redwheel launch UK climatetech growth-stage fund
The fund is targeting more than £100m
GP Profile: Arca Space Capital
CEO Ugo Loeser tells Real Deals the PE fund is currently assessing two new deals
British Patient Capital invests in Earlybird
The sophomore health fund has closed on €173m
HAT holds first close of Technology Fund 5
The new fund has a target size of €200m
Fund in Focus: Fondo Italiano d’Investimento’s co-investment fund hits first close on €82m
Roberto Travaglino tells Real Deals that the investor hopes to reach its final close within 12 months
Picus Capital’s second vintage holds first close
The VC firm has reached 70% of its €200m target
British Patient Capital commits funds to Episode 1’s Fund III
The third fund from the specialist early-stage technology investor fund has closed on £76m
3TS Capital Partners holds final close of European tech fund on €111m
The GP received commitments from the EIF among others
AIB Foresight SME Impact Fund holds second closing
The fund received a cornerstone commitment from AIB in 2022
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
Future Energy Ventures banks €110m for new fund
FEV was launched in 2016 and is backed by E.ON
ISAI Expansion III holds first close on €190m
Caisse Des Dépôts, EIF and BNP Paribas Developpement among the LPs that supported the fund
eEquity launches fifth fund
The vehicle focuses on e-commerce companies
Fund in Focus: Gresham House launches secondary-focused PE fund
Greg Blin, investment partner at Gresham House, tells Real Deals how the firm leveraged its existing relationships from the wider Gresham business
Fund in Focus: Foresight seeks SME opps for two new funds
The GP remains sector agnostic and has ticket sizes of up to £10m, partner Matt Smith tells Real Deals
Moonfare closes first co-investments fund on €58m
The fund raised 16% above its target size in less than 12 months
Fund in Focus: Revaia Fund II holds first close on €150m
Fund II has already invested in three firms, Alice Albizzati tells Real Deals
Capidea Kapital IV completes debut deal
The GP has acquired a majority stake in Right People Group
Finnish VC announces first co-investment fund
The vehicle will invest in early-stage Finnish startups alongside angel investors
Invision acquires a stake in NonStop Gym
The GP will keep the management team untouched
Equistone-backed Andra Tech Group bolts on Lemmens Metaalbewerking
The deal will strengthen the firm’s position in DACH markets
Carbon fund to begin selling carbon credits in three years – Portobello Capital
Real Deals catches up with the investment team’s Isabel Bordás to get an update on the green carbon fund
Fund in Focus: YFM closes its largest buyout vehicle
Managing partner Eamon Nolan sits down with Real Deals to discuss the expectation-beating fundraise
British Patient Capital invests in European SaaS VC
Oxx has closed its second fund on €172m
Nordwind Growth’s technology growth fund holds final close on €145m
The firm said it was close to its hard-cap
Fund in Focus: Kvanted Ventures closes maiden fund on €70m
Kvanted Fund I has already completed two acquisitions
Gresham House launches secondary-focused PE fund
Gresham House Private Equity Release LP raised shy of £60m
Flashpoint launches secondary tech vehicle
FSF II aims to raise $150m
Arcano Partners launches aviation assets vehicle
Arcano Aviation Fund PEF aims to raise €100m
Fund in Focus: Breega holds first close of new €150m vehicle
Europe Seed III fund, which has a hard-cap of €200m, is expected to complete next year, partner Dan Shellard tells Real Deals
Renatus marks first deal from new €60m fund
The GP has acquired a majority stake in W.H. Scott Group
Par Equity launches fund to boost growth in parts of the UK
The GP is aiming for a final close by the end of H1 2024, a spokesperson told Real Deals
Hi Inov holds €75m first close on third VC fund
The firm is targeting a total of €150m for the SFDR 8-rated fund
Isatis Capital launches new fund
All of the funds in the strategy are classified as Article 8 under SFDR
Air Street Capital raises $121m for sophomore fund
The firm has announced investments in three businesses from its second fund so far
Multi-family office Stonehage Fleming raises $130m
Stonehage Fleming Global Private Capital Fund has held its final close
FNB Private Equity’s Europe Fund II holds first close on €100m
The firm hopes to reach its target size of €200m for the second vehicle
Fund in Focus: Polaris eyes €100m to invest in public companies
Partner Roger Hagborg tells Real Deals that Polaris is aiming for six to seven investments during the course of the fund
PhotonVentures raises €60m to supercharge European photonics startups
The VC firm is targeting €100-150m and expects to hold a final close towards the beginning of 2024
Panoramic’s SME Fund 3 holds final close on £100m hard-cap
The GP will invest between £2m and £8m into companies that have achieved an Ebitda of more than £500,000 in the prior 12 months
Fund in Focus: Traditum Private Equity eyes £10m to invest in agriculture
The sponsor aims to close fundraising and enter into negotiations on its first acquisition by Q4, Traditum’s Stephen Pickup tells Real Deals
Fund in Focus: Foresight holds third close for North East Fund on £90m
Partner Claire Alvarez told Real Deals that the firm will look to invest in businesses generating between £1-3m of profit
Golding closes secondaries fund at €172m
The 2022 vintage is targeting €500m, almost double its predecessor
Fondo Italiano d’Investimento’s FITEC II holds first close above €137m
The firm is targeting €250m for the fund
Fund in Focus: Impact Expansion bags €100m for inaugural fund
The Article 9 vehicle has secured EIF as a cornerstone investor, Elvire Perrin tells Real Deals
BioGeneration Ventures closes its largest fund on €150m
The fund has brought BGV’s total funds under management to more than €400m
FemuQuì Ventures’ Travalcà fund holds first close on c.€20m
The fund is classified as Article 8 under the EU’s SFDR
Inspirit Capital Fund II holds first and final close
The “oversubscribed” sophomore fund closed following three months on the road
BlueOrchard raises $50m for climate adaptation fund
Schroders acquired a majority stake in BlueOrchard in 2019.
Talis Capital’s Ventures III fund holds first close on $175m
So far, the new fund invested in three founding teams, including London-based credit security platform Bondaval and San Francisco-based carbon-negative textile company, Rubi Laboratories.
Nexxus Iberia raises €56m continuation fund for single asset OFG
Headway Capital Partners and Mill Reef Capital are the leading investors of a consortium, which also includes the EIF (as adviser to AMUF), Columbia Threadneedle, several family offices and various follow-on investors.
Moonfire Ventures raises $115m for Fund II
Some $25m from the fund will be used to double down on the “winners” from the $90m pool.
Moonfare Core Portfolio II closes after surpassing €100m
More than 750 individual investors and about a fifth of Moonfare’s investor community allocated to the vehicle, which will offer individual investors access to buyouts, secondaries and co-investments.
Spire Capital Partners’ Fund I holds €57m first close
The newly-established, lower mid-cap Polish GP has targeted a €100m final close.
Palatine launches growth credit strategy
Palatine has hired Will Chappel as partner and Neil Pitcher as non-executive chair of the fund.
Afinum closes Afinum 9 on €420m
Since its inception, the fund has made equity investments amounting to almost €200m of committed capital into six new platforms and four add-ons.
Convent Capital holds €100m second close for agrifood growth fund
The GP expects to hold a final close on €150-160m in August, Bor Boer, a principal at the firm, told Real Deals.
Capidea holds final close on Capidea IV at €168m hard-cap
The fundraise marks a 50% increase on the firm's predecessor fund, which received commitments of approximately €115m in February 2019.
Foresight holds second close of North East SME Fund
Launched in June 2022, the fund reached £38m for its first close, at which point it was targeting £60m for its final close.
Bencis Capital Partners raises €123m for continuation fund
Bencis IV Continuation Fund, led by Committed Advisors, will continue to invest in and support portfolio companies from Bencis Buyout Fund IV.
Elaia DV4 holds final close on c.€200m
New and existing investors to the fund include Bpifrance, the European Investment Fund, MGEN, BNP, BRED, tech entrepreneurs from Elaia’s portfolio and a number of family offices.
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.
Spanish VC Bullnet Capital holds first close of fourth fund on €40m
The vehicle is almost twice as big as its predecessor, which closed on €43m, and is aiming to hold its final close by the end of this year.
Growth investment to ‘take off’ when market conditions normalise – Investec
Investec's Kate Gribbon tells Real Deals that despite growth-focused funds being raised by GPs, fewer fast-growth deals are getting done than expected.
Fund in Focus: Swen Capital plans to tackle ocean health issues with €170m haul
Olivier Raybaud, MD of the fund, spoke to Real Deals about how the biggest challenge was to reach a first close as a first-time fund.
IBB Ventures launches fifth generation of VC funds
The funds will primarily be used to provide early-stage financing for Berlin-based startups, which the firm has been backing since its inception in 1997.
Fund in Focus: Clave Capital targets €65m final close
Fund director Santiago Lozano sat down with Real Deals to discuss its latest Innohealth fund, which held its first close at €50m.
Clave Capital holds first close of Clave Innohealth fund at €50m
Clave Capital has completed its first investment from the new fund, by leading a funding round in women’s health diagnostics startup Innitius.
Spain’s Asabys holds first close of second fund on €100m
The vehicle was launched in September last year and brings the firm’s total AUM to €217m.
ODDO BHF launches VC fund
With a target size of €200m, the fund aims to build a portfolio consisting of stakes in venture capital funds and non-listed technology companies in the US, Europe and Asia.
Fund in Focus: Longship credits consistent, differentiated strategy for latest fundraise
In conversation with Real Deals, managing partner Kai Jordahl outlines the plan to deploy its most recent haul, and the importance of outperforming successively.
Norway’s Longship racks up NOK2.1bn for third fund
The vehicle reached its hard cap after being on the road for less than four months and secured a 100% re-up rate from existing investors.
Fund in Focus: Certior Capital making ‘good’ progress on €80m final close
Real Deals catches up with Timo Hara, founder and partner at the Finnish small-cap and lower mid-market investor, following the first close of its latest fund, Certior Private Equity Fund II.
Nordic investor Monterro raises €150m for small-cap fund
The vehicle, which took three months to complete, comprises a 24% commitment by the GP and was raised entirely from existing investors.
Swen Capital Partners holds first close of third mezzanine debt fund at $53m
Providing a mix of mezzanine and equity, the fund will target 15 to 20 deals with a ticket size between $3m and $10m.
Certior Capital holds first close of second fund
The vehicle has secured commitments from a group of Finnish institutional investors and pension funds.
Fund in Focus: Imbiba expecting ‘incredibly busy’ H1 following £70m close
Real Deals catches up with Lizzie Ryan, partner and head of investment at the leisure, lifestyle and entertainment investor, following the first close of its second fund, Imbiba Growth II.
Foresight holds first close for Scotland Fund on more than £60m
The first close, held on more than £60m, was supported by cornerstone commitments from Strathclyde Pension Fund and British Business Investments.
Aliter Capital launches £134m Aliter Capital II fund
The GP has already invested in two platform businesses from its new fund and is targeting further medium-sized businesses in the UK support services sector.
Partech reaches €120m close for fourth seed fund
Partech Entrepreneur IV will back around 50 founding teams based in Europe, the US and Southeast Asia, at the pre-seed and seed stages.
Beyond Capital Partners acquires Soft & Cloud
Soft & Cloud, a German-based provider of used standard software licenses, will aim to expand its market share in Germany, Europe and other continents.
Poland’s CVI holds final close for maiden institutional private debt fund
The vehicle held its first close in April last year is aiming for over 40 investments in Poland, Czechia, Slovakia, Baltics, Romania and Hungary.
Scania launches East Hill Equity-managed, SEK 2bn VC fund
Scania Growth Capital, a venture capital partnership between Scania, the Swedish truck maker, and Stockholm-headquartered East Hill Equity has launched a new investment vehicle, Scania Growth Capital II.
BGF and Coutts raise over £80m for UKEF fund
The funding vehicle was established to offer the bank’s private client base access to investment opportunities in privately-held companies, co-investing alongside BGF.
Impact Expansion passes €50m mark for first close of debut fund
Impact Expansion Fund I, which aims to support profitable SMEs in the environment, employment and health sectors, has a target size of €120m with a hard-cap of €150m.