Tag Archives: Funds

Waterland announces closing of two new funds with €4.0 billion in capital raised in four months

Waterland

Waterland Private Equity Investments (“Waterland”) is pleased to announce the closing of its ninth institutional flagship fund, Waterland Private Equity Fund IX (“WPEF IX”) at € 3.5 billion, alongside Waterland Partnership Fund I (“WPF I”) at € 500 million. The funds closed at their respective hard caps four months after initial launch.

The fundraise attracted commitments from world-class institutional investors globally. The investor base for both funds is well diversified by geography, consisting of investors across Europe, North America, the Middle East and Asia Pacific. By investor type it consists of asset managers, public and private pension funds, insurance companies, sovereign wealth funds, endowments, foundations and family offices, amongst others.

Both funds were oversubscribed with demand significantly exceeding the fundraising targets. This is attributable to continued strong support from existing investors combined with significant interest from new investors.

WPEF IX expects to make investments in medium-sized companies in fragmented growth markets in Europe to finance organic and acquisitive growth. This is a continuation of the successful buy-and-build investment strategy applied to the firm’s prior funds over the last two decades. WPF I is a natural extension of the Waterland platform. WPF I expects to make minority investments in a very select number of Waterland portfolio companies when these are exited.

“The fundraisings for WPEF IX and WPF I have been a great success in a challenging fundraising market. It is a significant achievement for us to have closed both funds in just four months. We remain thankful for the strong support of our existing and new investors and their confidence in our team and strategy. We look forward to making investments with both funds and continue to see many attractive opportunities in our target region despite the volatile macro environment.” said Frank Vlayen, Group Managing Partner.

“We are grateful and humbled by this strong vote of confidence by our investors. We are looking forward to partnering closely with ambitious management teams across Europe to jointly execute buy-and-build programs. We will also continue to invest in our own firm to further strengthen our position as a leading local buy-and-build investor in Europe across our integrated network of 13 European offices.” said Cedric Van Cauwenberghe, incoming Group Managing Partner. As previously announced, Cedric Van Cauwenberghe will succeed Frank Vlayen as new Group Managing Partner of the firm later this year.

Marc Lutgen, Head of Investor Relations, said: “We are grateful for the strong support from existing and new LPs for this dual fundraise, despite the challenges faced by many investors in the past year. We look forward to a fruitful partnership as we strive to continue to deliver exceptional returns for our investors.”

Evercore Private Funds Group acted as the global strategic fundraising adviser for Waterland. Kirkland & Ellis International LLP acted as the global legal, tax and regulatory counsel. De Brauw Blackstone Westbroek N.V. acted as Dutch legal and regulatory counsel. Matheson LLP acted as Irish legal, tax and regulatory counsel.

About Waterland
Waterland is an independent European private equity investment group that supports entrepreneurs in realizing their growth ambitions. Waterland currently manages over € 14 billion of investor commitments and has made over 950 acquisitions, including over 150 platform investments and over 800 add-ons. Since its founding in 1999, Waterland has grown to more than 170 professionals operating across 13 offices in 11 countries. Waterland is a licensed Alternative Investment Fund Manager only offering interests to professional investors and is under the supervision of the Dutch Financial Services Authority (AFM).

For further information please contact:
Marc Lutgen, Head of Investor Relations, Waterland, lutgen@waterland.nu

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CVC Credit closes €400 million for eighth Performing Credit vehicle of 2022

CVC Capital Partners

CVC Credit is pleased to announce that it has successfully closed the Cordatus Opportunity Loan Fund, a long-term financing facility structured similarly to a Collateralised Loan Obligation (CLO), with expected purchasing capacity of c.€400m notional of leveraged credit. To date the fund has ramped c.€175m of assets at an average price of 91.9%.

The fund was raised in partnership with Royal Bank of Canada and a strategic third-party investor, and will increase the aggregate value of new assets raised in 2022 across the CVC Credit CLO Platform to nearly €3.6bn (c.$3.8bn), despite volatile market conditions.

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A new EUR 60 million fund by Saari Partners, focus on service companies

Tesi

The new fund, Saari II, will make majority investments in service SMEs operating in traditional sectors. With special knowhow in branding and digitalisation, Saari Partners strives making its portfolio companies the frontrunners in their sectors.

Investors in Saari II include European Investment Fund (EIF), Nordea Life Assurance Finland Ltd, Elo Mutual Pension Insurance Company, Konstsamfundet, Tesi and the KRR fund-of-fund it manages, in addition to small investors. The fundraising continues in 2023.

”Saari Partners invests in growing Finnish small companies focusing on the service sector. It has gotten a good start, and their first exit shows that their investment strategy is showing results. Saari has excellent know-how in digitalization and branding, and this is transferred to their portfolio companies”, comments Tapio Passinen, Investment Director on Tesi’s Investment Funds team.

Both Tesi and KRR also invested in the first fund by Saari Partners.

 

Read more:

 

Additional information:

Tapio Passinen, Investment Director, Fund Investments
tapio.passinen@tesi.fi
+358 40 840 3681

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Blume Ventures closes its Fourth Fund at upwards of $250 million to back visionary tech founders

Blume ventures

Blume Ventures, India’s leading homegrown venture fund has announced the close of its Fund IV at over $250million bringing the firm’s AUM to over $600 million. Blume focuses on early-stage, innovative technology-led startups. Blume backs entrepreneurs either building to solve large impactful Indian problems or taking the best of Indian innovation to global markets. The diverse mandate extends from edtech, fintech, health, commerce and consumer internet in the former to robotics and AI to SaaS and enterprise software in the latter category.  These themes have been consistent through Blume’s 12 years of existence.

Blume has received emphatic support from all its previous supporters. Blume’s Fund IV investors include some of India’s finest family offices, global family offices, sovereign wealth funds (India and overseas), and emerging market Fund of Funds. The oversubscription on the $200 million target and the support from both existing and new investors is a testament to the track record that continues to grow stronger.

Blume Fund IV will be managed by its 15+ member investment team led by Sajith Pai, Arpit Agarwal, Ashish Fafadia, Sanjay Nath and Karthik Reddy. Investing in 30-35 companies across different technology verticals, Blume will discover and nurture another generation of industry-defining companies built in this cycle.

 Blume was established in 2010 by Karthik Reddy and Sanjay Nath.  Blume is now over 35 professionals strong (outside of Constellation Blu and Metamorph, our two sister concerns), the leadership team has grown to 10, and they collectively grow and mentor a roster of young emerging stars on the team.

Sanjay Nath added, “We are grateful to our anchor supporters and new believers who have emphatically backed Blume IV. Whether building domestically or for global markets, the best founders and LPs would like to work with a Fund that can be considered world-class, which has spurred us to keep institutionalizing and bolstering our platform, team and capabilities. Thanks to an increasing reality of IPO and M&A exits, there is a resurgence of 2x founders and operators, as well as higher quality first-time founders. We’re excited for Blume to become the preferred seed partner of choice for both categories.”

Some key milestones:

  • Launched as a “Superangel” fund in 2011, Blume raised $20 million in Fund I and invested in over 60 startups, pioneering the idea of home-grown micro VCs, with domestic investor participation playing an important role in each of its funds. The first fund vintage has many winners that are incredibly stable after a decade of persistence. These include Purplle, Grey Orange, Turtlemint, Carbon Clean, Exotel, Cashify, Zopper, Webengage, and IDfy.

  • Blume raised successor Funds in 2015-16 and 2018-19, growing to a $60 million Fund II and a $102 million Fund III, maturing into a fund with increased reserves to deploy into the best breakout companies. The Blume stars born from the 2015 to 2020 era are Unacademy, Slice, Spinny, dunzo, Classplus, Servify, Lambdatest, Koo, Locus, Healthifyme, smallcase, Euler, Jai Kisan and Pixxel, amongst others.

The strength of the platform makes Blume an ideal partner in the founders’ journey, bringing value far beyond the capital in the bank. Some of these platform value additions are powered by Capital and Market Networks teams, the depth of reserves between its own funds and its diverse set of vibrant LPs, and the platform partners in Constellation (finance and legal) and MetaMorph (talent).

Blume is also a market leader in emerging market segments where technology shapes new business models or disrupts older ones. It has dozens of category creators or category winners in its portfolio across its three fund portfolios: Grey Orange and Carbon Clean in deep tech; Slice, Turtlemint and Smallcase in Fintech; Exotel and Lambdatest in Software; Unacademy and Classplus in Edtech; Purplle and dunzo in commerce; Healthifyme, BeatO and Tricog in Healthtech; Euler, Yulu and BatterySmart in EV Mobility.

Blume manages Continuity funds in addition to the above funds. These include secondary funds (Fund I winners), opportunity funds (Fund I and II winners) and SPVs.

Shivkumar Ganesan, CEO and co-founder of Exotel, endorses this full stack and deeper approach from Blume in their journey. “Blume has been a great partner for us. They were the first ones to bet on us and continued to do so through thick and thin! Without their support, I cannot imagine Exotel to have become the company it is today.”

Manish Taneja, CEO and co-founder of Purplle, exemplifies what is now a classic Blume relationship. “My relationship with Blume Ventures dates back to 2010-11, when Karthik and Sanjay were raising their first fund. Blume invested in Purplle in 2013 and has been a strong partner for us ever since. Ashish (our Board Member from Blume), has been on our Board since 2013 and has played a key role in guiding us, helping us with Board dynamics and also introducing us to key future investors. Blume is truly a founder’s first VC and Blume’s partners are best in class. I wish Blume a lot of success and I also wish more firms get access to Blume’s capital.”

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Adams Street Closes 2022 Global Fund Program with $1.1 Billion in Commitments

Adams Street

CHICAGO, IL – November 29, 2022 – Adams Street Partners, LLC, a private markets investment firm with more than $52 billion in assets under management, has held the final closing of the Adams Street 2022 Global Fund Program with approximately $1.1 billion in committed capital. The Global Fund Program is a private markets portfolio spanning all of Adams Street’s investment strategies, including primaries, secondaries, co-investments, growth equity, and private credit, across North America, Europe, and Asia.

This year’s Global Fund Program saw strong demand despite market volatility, closing with commitments 20% higher than initial internal targets. Investors in the 2022 Global Fund Program included public and corporate pension plans, foundations, and endowments, with increased interest in the Program from registered investment advisors and high net worth individuals. There was strong representation from both new and returning investors globally.

“The Adams Street Global Fund Program was originally introduced as the firm’s flagship product and has evolved into a targeted, multi-strategy product that we believe includes the investment teams’ best ideas,” said Miguel Gonzalo, Partner & Head of Investment Strategy and Risk Management at Adams Street. “The Global Fund Program represents a one-stop solution for Adams Street’s investment strategies and prior Global Fund Programs have, over the long term, delivered alpha above the public equity markets. The Global Fund Program is constructed with cost-effective private equity portfolios of high-growth and low-leverage investments across the Adams Street platform globally.”

“In periods of market uncertainty, investors have historically looked for more reliable, risk-adjusted returns and strategic alpha generation with strong downside protection, which aligns with our targeted strategy for the Global Fund Program,” said Jeff Diehl, Managing Partner and Head of Investments at Adams Street. “We are grateful for the continued trust of our investors as we navigate the opportunities and challenges in the markets.”

Adams Street first implemented the Global Fund Program in 1996. The Global Fund Program aims to outperform public equity markets by 3-5% through a highly diversified global portfolio that incorporates some of the top-performing ideas across each of Adams Street’s strategies.

About Adams Street Partners

Adams Street Partners is a global private markets investment manager with investments in more than 30 countries across five continents. The firm is 100% employee-owned and has over $52 billion in assets under management. Adams Street strives to generate actionable investment insights across market cycles by drawing on 50 years of private markets experience, proprietary intelligence, and trusted relationships. Adams Street has offices in Austin, Beijing, Boston, Chicago, London, Menlo Park, Munich, New York, Seoul, Singapore, Sydney, and Tokyo. Visit www.adamsstreetpartners.com

This information is not investment advice or an offer or sale of any security or investment product or investment advice. Offerings are made only pursuant to a private offering memorandum containing important information. Statements are made as of the date of this release, and there is no implication that the information contained herein is correct as of any time subsequent to such date. Past performance is not a guarantee of future results.

Media Inquiries:
Rich Myers / Rachel Goun
Profile Advisors
+1 347 343 2999
adamsstreet@profileadvisors.com

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Coutts joins forces with BGF to raise over £80 million to back entrepreneurs in Britain

BGF

Coutts, the private banking arm of NatWest Group, and BGF have now raised over £80m through the UK Enterprise Fund (UKEF). This provides the Coutts’ client base with access to investment opportunities in privately-owned scaleup and early-stage businesses, as part of BGF’s nationwide platform.

The fund launched in June last year with £40m of committed capital and has now been matched by a further £40m at the close of the second fundraising round. Through BGF, UKEF capital is invested into carefully selected scaleup businesses headquartered in the UK, providing long-term funding to support growth.

The UKEF aims to provide funding to address equity gaps across the entrepreneurial ecosystem and has been a boost to female-owned businesses with 22% of the first tranche of fundraising backing women-owned businesses. This compares with the industry standard of just 1%.

UKEF investors can benefit from BGF’s investment strategy of reaching a high volume of high-quality businesses across different growth stages, multiple sectors and all regions of the UK, offsetting concentrated risk exposure.

BGF is the leading growth capital investor in the UK and exclusively takes a minority shareholding in each of the companies it backs. It focuses on supporting investee businesses through its local investment teams based in 15 regional offices in the UK, extensive people network and strategic advice in a variety of areas, such as positive environmental, governance and social changes.

To date, UKEF has exposure in 47 BGF-backed businesses including Character.com, a children’s clothing and branded products ecommerce platform, Enhanc3d Genomics, a human genome mapping business and Reactive Technologies, a provider of critical data to the energy grid and asset operators.

One in five of these businesses has a female founder, compared to only one in 100 across the industry, whilst 23 percent have appointed a female Chair from BGF’s network to their Board. 73 percent of the capital invested in this cohort of companies has been deployed into businesses headquartered outside London and the South East.

Andy Gregory, CEO of BGF, said: “By its nature, UKEF is an innovative and highly differentiated offering in equity investing. Through UKEF, Coutts’ clients are able to increase their exposure in privately held UK companies, whilst benefiting from the due diligence, robust governance and skilled investment expertise that comes with the BGF platform.

“Whilst we are acutely aware of the current macro-economic environment for businesses and investors, BGF’s long-term model provides us with the economic means and mindset to view investments and exits from a longer-term horizon, which has proved highly attractive to UKEF investors and indeed to the diverse set of scaleup companies that we continue to back.”

Alison Rose, CEO of NatWest, commented: “We are highly encouraged by the continued appetite amongst UKEF investors to support high-potential businesses, and in particular those with diverse founders.

“The Rose Review showed us that £250bn of new value would be unlocked for the UK economy if women started and scaled their businesses at the same rate as men. Providing better access for funding is key to help realise this potential. That is why funding vehicles like UKEF can have a game-changing impact, especially as current economic conditions are making it harder for high-potential companies to access the resources required to scale. We are now excited to see what a new cohort of dynamic and diverse businesses receiving backing from the next round of UKEF funding can achieve.”

One business that has benefitted from BGF is Strathberry, an Edinburgh-based and internationally known brand specialising in luxury leather goods. It was founded in 2013 by husband-and-wife team Guy and Leeanne Hundleby who had returned to the UK after travelling across Spain with their children.

Leeanne Hundleby says their businesses has enjoyed a long relationship with Coutts, but the UKEF and BGF have brought them even closer, allowing Strathberry to invest more in its main markets, the UK and US. She explains: “We’ve been able to enhance our ecommerce capabilities and strengthen the senior leadership team with new hires bringing in precious expertise. Long-term, we’re looking to expand our retail footprint with more flagship stores opening globally, as well as developing new product categories.”

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Antin successfully holds first close for Flagship Fund V, with more than €5 billion in commitments

Antin

Strong investor demand brings fund to over 50% of its target size, with a second close expected before year-end

Paris, London, New York

Antin Infrastructure Partners announced today that it has successfully held a first close for its fifth flagship fund, its largest to date, raising more than €5 billion to invest in infrastructure opportunities. Antin expects to hold a second closing before year-end.

With a target of €10 billion and hard cap set at €12 billion, Flagship Fund V will continue to seek controlling equity investments in the energy and environment, telecom, transport and social infrastructure sectors in Europe and North America. Strong demand resulted in a swift first close, demonstrating strong support from both existing and new investors for Antin’s approach to infrastructure investing and recognition of the firm’s successful 15-year track record of value creation.

The investment period for Flagship Fund V began on 2 August 2022, when Antin announced its majority investment in Blue Elephant Energy, a renewable energy platform focused on developing, acquiring, and operating solar and wind farms across Europe. The fund has a strong pipeline of additional actionable investment opportunities across its four sectors.

 

About Antin Infrastructure Partners

Antin Infrastructure Partners is a leading private equity firm focused on infrastructure. With approximately €27 billion in assets under management across its Flagship, Mid Cap and NextGen investment strategies, Antin targets investments in the energy and environment, telecom, transport and social infrastructure sectors. With offices in Paris, London, New York, Singapore and Luxembourg, Antin employs over 190 professionals dedicated to growing, improving and transforming infrastructure businesses while delivering long-term value to portfolio companies and investors. Majority owned by its partners, Antin is listed on Euronext Paris (Ticker: ANTIN – ISIN: FR0014005AL0).

 

Media Contacts

Antin Infrastructure Partners

Nicolle Graugnard, Communication Director

Email: nicolle.graugnard@antin-ip.com

 

Ludmilla Binet, Head of Shareholder Relations

Email: ludmilla.binet@antin-ip.com

 

Brunswick

Email: antinip@brunswickgroup.com

Tristan Roquet Montegon +33 (0) 6 37 00 52 57

Gabriel Jabès +33 (0) 6 40 87 08 14

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Eurazeo expands its offer dedicated to individual investors with the launch of Eurazeo Principal Investments Fund

Eurazeo

Eurazeo is continuing to expand its range of funds accessible to individual investors with the launch of Eurazeo Principal Investments fund , mainly intended to be distributed through life insurance contracts (unit-linked), yet also available through direct investment. With this novel arrangement, Eurazeo aims to facilitate the access to professional private equity investments by simplifying the subscription process – particularly via unit-linked life insurance policies – as well as lowering the subscription threshold and allowing savers to invest in a portfolio that is committed from its inception.

As soon as it is launched, the fund will be available at AG2R La Mondiale and at Generali, with a minimum investment of €5,000, and then through life insurance policies in the leading French insurers.

For the first time in the history of private equity funds in France, Investors will be able to subscribe via IZNES, a platform that uses a secure blockchain technology. For subscriptions made via our banking and wealth management partners, the minimum investment amounts to €10,000.

Eurazeo Principal Investments will focus on the buyout and growth investment strategies: the fund will accompany around 30 companies in their growth, particularly in the healthcare, tech and financial services sectors, mainly in Europe, but will also have some exposure to US companies seeking to develop internationally. Just like other Eurazeo Funds that are dedicated to individual investors, Eurazeo Principal Investments will co-invest alongside Eurazeo’s institutional strategies. The fund has obtained the Relance label certification (awarded in France to funds that are supporting the post-Covid recovery of their investees) and allows savers to help finance promising SMEs.

After the recent launch of European Real Estate II ELTIF – a fund offering real estate investments – Eurazeo Principal Investments supplements and enhances Eurazeo’s funds offering to individual investors across all of its investment strategies (private equity, private debt and real estate).

Eurazeo Principal Investments has a target size of €250 million and, thanks to the support of the Eurazeo group, is committed to the following six companies at the time of its launch: Premium, I-Tracing, DiliTrust, Altaïr, Cranial Technologies and Scaled Agile.

For more than 20 years, Eurazeo has been committed to making private equity investment accessible to individual investors, and now manages more than €3 billion of assets for more than 100,000 investors. Eurazeo’s funds intended to individual investors are distributed solely by its banking, insurance and wealth management partners.

Luc Maruenda, Partner, Private Wealth Solutions, said:

“As pioneers of the democratization of private equity we are very happy to announce the launch of this new fund today. This shows our desire to innovate for the benefit of savers. The fund’s units will not be listed but will be available as part of unit-linked life insurance policies, allowing investors to give meaning to their savings by helping the financing of high-potential sectors. By continuing to expand our range, we seek to offer new investment opportunities in buoyant sectors and address all types of investors. For investees, the fund also provides new sources of funding to support their growth.”

Benoit Courmont, member of AG2R La Mondiale’s Group Management Committee in charge of retirement savings and wealth management, added:

“In 2017, we decided to offer the first Eurazeo fund to accessible via life insurance policies. Six years later, the appetite of wealth management clients for this asset class continues to significantly grow. As a result, we had no hesitation in deciding to offer the Eurazeo Principal Investments fund from its inception. We were immediately attracted to the idea of offering our wealth management clients this unprecedented opportunity to benefit from institutional strategies that are already committed to existing buyout transactions.”

About Eurazeo

  • Eurazeo is a leading global investment company, with a diversified portfolio of €32.5 billion in assets under management, including nearly €23.4 billion from third parties, invested in 530 companies. With its considerable private equity, venture capital, private debt as well as real estate and infrastructure asset expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 360 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.
  • Eurazeo has offices in Paris, New York, London, Frankfurt, Berlin, Milan, Madrid, Luxembourg, Shanghai, Seoul, Singapore and Sao Paulo.
  • Eurazeo is listed on Euronext Paris.
  • ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

EURAZEO CONTACT

Virginie CHRISTNACHT

DIRECTRICE DE LA COMMUNICATION

+33 (0) 1 44 15 76 44

Pierre BERNARDIN

DIR. RELATIONS INVESTISSEURS

+33 (0) 1 44 15 16 76

PRESS CONTACT

David Sturken

MAITLAND/AMO

+44 (0) 7990 595 913

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EQT Growth closes above target, making it the largest first-time growth fund based in Europe

eqt

EQT Growth raises EUR 2.2 billion in fee-generating AUM, with total commitments of EUR 2.4 billion

Final close above EUR 2 billion target underlines attractiveness of EQT Growth’s thematic and active approach to investing in European growth-stage tech firms

Record final close positions EQT Growth to help take leading tech companies to the next level, supported by the global power of EQT

EQT is pleased to announce the final close of EQT Growth (the “Fund”) above its EUR 2 billion target, raising EUR 2.2 billion in fee-generating assets under management (AUM) and total commitments of EUR 2.4 billion1. As the largest first-time growth fund based in Europe2, the raise underlines the strong investor demand for EQT Growth’s thematic investment strategy and active approach to unleashing sustainable growth in Europe and Israel’s leading technology companies.

EQT Growth was launched to support fast-growing technology companies, especially in Europe and Israel, as they continue to scale. Having invested in technology for nearly three decades, EQT sees the large opportunity for a growth investor with European roots and local expertise and capabilities to help elevate the region’s tech innovators to the world stage. Investment in European technology companies has grown vastly, increasing from around USD 20 billion in 2017 to over USD 100 billion in 20213, but European-based investors only made-up 30 percent of investors in growth-stage rounds in 20214.

The strategy seeks to invest around EUR 50 million to EUR 200 million, backing strong management teams of companies supported by secular macro trends primarily within four tech sub-sectors: enterprise, con/prosumer, health, and climate. It explores opportunities at the point where companies have achieved product-market fit and are taking the next step to scale. The Fund, which still has over two-thirds of capital available, has made seven investments to date and already includes some of Europe’s most innovative companies in its portfolio, such as Epidemic Sound, Mambu and Vinted.

With a team based in five countries across Europe, EQT Growth’s local presence ensures direct access to many of the continent’s most-established tech hubs. The diverse team has extensive investing and operating experience, which makes it well positioned to actively collaborate with CEOs and management teams on their company’s growth journey. When combined with a focus on sustainability – initiatives include requiring portfolio companies to set greenhouse gas emission reduction targets validated by the Science Based Targets initiative – EQT Growth is a very attractive partner for companies committed to long-term, responsible growth.

EQT Growth’s value-add approach is enhanced by Motherbrain, EQT’s proprietary AI driven investment platform that is designed to enhance every decision in the investment process. It also benefits from EQT’s broad suite of inhouse experts, which includes dedicated digitization, sustainability and capital markets teams.

Marc Brown, Partner and Head of EQT Growth’s Advisory Team, said: “The speed at which the European and Israeli tech ecosystem has developed over the past decade is a testament to the number of innovative, young companies that call the region home. However, a lack of growth-stage capital and European investors with scale-up expertise has meant that many of these firms have gone elsewhere when embarking on the next step of their journey. With this fund, EQT Growth has the experience, expertise and now capital to change this. We’re excited to actively partner with a select group of Europe and Israel’s tech champions to help drive them to the world stage.”

The Fund is backed by a global and diverse group of investors including pension funds, sovereign wealth funds, asset managers and high-net-worth individuals from across Europe, Asia, North America and the Middle East.

Per Franzén, Head of Private Capital and Deputy Managing Partner at EQT, said: “Closing the largest ever first-time growth equity fund raised in Europe clearly illustrates the demand for EQT’s active ownership approach and thematic investment strategies. In a strong vote of confidence for our multi-strategy approach, the fund received support from a significant portion of investors in existing EQT funds. We are honored by their ongoing support and look forward to continuing to earn their trust.”

Notes to editors

1Total commitments include funds raised from EQT employees and the EQT Network, which are not fee-generating.
2 Source: Preqin database.
3Source: Atomico, State of European Tech Report, 2021.
4Growth-stage rounds defined as EUR 50 million plus raised. Source: EQT Motherbrain.

Contact
Finn McLaughlan, finn.mclaughlan@eqtpartners.com, +44 77 1534 1608
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About

About EQT

EQT is a purpose-driven global investment organization with EUR 77 billion in assets under management as of 30 June 2022, across 36 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 280,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

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Ardian closes its second-generation Americas Infrastructure fund at US$2.1bn

Ardian

Latest fund demonstrates Ardian’s leadership in the infrastructure investment mid-market segment in America.

Ardian, a world-leading private investment house, today announced the final closing of US$2.1bn for its latest Americas infrastructure fund – Ardian Americas Infrastructure Fund V (AAIF V). Continuing its successful investment strategy, AAIF V will invest in high-quality, mid-market US and other OECD American essential infrastructure assets in the telecommunications, transportation, and energy transition sectors.

The Ardian Infrastructure team now has over US$21bn assets under management across the globe. AAIF V was significantly oversubscribed, exceeding its hard cap of US$2.0bn, and significantly larger than the inaugural AAIF IV which raised US$800mm in 2018.

The successful fundraise attracted over 60 investors from 17 countries across the Americas, Europe, Middle East and Asia, comprising major pension funds, insurance companies, sovereign wealth funds, Fund of Funds, endowments and high-net-worth investors. With a mix of returning investors, who on average doubled their previous commitments to the strategy, and new investors, the successful fundraising of AAIF V demonstrates the growing appetite for Ardian’s Americas infrastructure and asset management strategies.

“We are thankful for the support of our new and existing investors.  The success of our latest fundraise clearly demonstrates their continued trust in our approach. We will continue to prioritize long-term value creation through our disciplined industrial approach.” Mathias Burghardt, Member of the Executive Committee and Head of Ardian Infrastructure

“Closing a fund that is more than 2.5 times larger than its predecessor is an important achievement for the team and validation of our investment strategy in the Americas. The amount recommitted by our existing investors is further testament to the strong performance of the previous generation.” Stefano Mion, Co-Head of Ardian Infrastructure Americas

“The market opportunity for high-quality, mid-market infrastructure assets is compelling, and even more so with the powerful tailwinds from the Inflation Reduction Act. Our ability to leverage Ardian’s strong proprietary deal flow along with our industrial approach positions us exceptionally well in the current environment.” Mark Voccola, Co-Head of Ardian Infrastructure Americas

Since Ardian launched its dedicated Americas infrastructure fund in 2018, the team has deployed more than US$1bn in six investments across the energy, renewables and transportation sectors. It also grew the headcount of Ardian Americas infrastructure investment team to 13 over the past four years.
The team will continue to leverage its international network of industrial partners, construction companies and infrastructure operators, while continuing its successful approach of developing long-term relationships with local stakeholders, communities and regulators.

The fund is already over 15% committed via an infrastructure transaction acquiring Unison, a leading buyer and manager of telecom site properties in the U.S., to build a global platform of wireless infrastructure assets.

Ardian is an international leader in essential infrastructures. The Infrastructure team, which comprises more than 60 investment professionals worldwide including financial experts, operational engineers and data scientists, manages more than US$20bn. Ardian Infrastructure believes that bringing technological innovation is a key element of value creation through the increase of the assets operational efficiency. Ardian is also a pioneering manager in decarbonizing infrastructure assets in line with global climate change agreements. As part of its commitment, Ardian is developing a major renewable energy portfolio and introducing energy efficiency policies across all of its portfolio companies.

ABOUT ARDIAN

Ardian is a world leading private investment house, managing or advising $141bn of assets on behalf of more than 1,300 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. We also provide a specialist service for private clients through Ardian Private Wealth Solutions. Ardian is majority-owned by its employees and places great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 900+ employees, spread across 15 offices in Europe, the Americas and Asia, are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility. At Ardian we invest all of ourselves in building companies that last.

www.ardian.com

Media Contacts

ARDIAN US

THE NEIBART GROUP

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