QED Investors, a boutique venture capital firm focused on investing in early-stage, disruptive financial services companies, has closed its significantly oversubscribed sixth fund (Fund VI), with capital commitments of USD350 million.
Launches & Fundraising
Private equity firm Corsair Capital (Corsair) has held the final close of its fifth fund, Corsair V, with USD1.0 billion of limited partner commitments, and an additional USD264 million of co-investment capital that has been invested to date.
M33 Growth, a venture and growth stage investment firm, has closed its second fund, M3 Growth II, with USD260 million in limited partner commitments from endowments, foundations and institutional investors, as well as founders and CEOs with whom the M33 Growth team has forged strong working relationships with over the past decade.
Align Capital Partners (ACP) has closed its second private equity investment fund, Align Capital Partners Fund II, LP and Align Capital Partners Fund II-A, LP (ACP II) at its hard cap of USD450 million.
Venture capital fund OTB Ventures (OTB) has launched an early growth technology fund with USD100m in commitments from international institutional investors, including the European Investment Fund (EIF), and high-profile backers including Greg Jankilevitch.
Pamlico Capital (Pamlico), a lower middle market private equity firm focused on growth-oriented businesses, has held the first and final close of Pamlico Capital V (PC V) at the fund’s hard cap with total commitments of USD1.4 billion.
As London-based VC firm Atomico closed Atomico V on USD820 million today (18/02/20), Atomico’s head of IR tells PEW the firm has “increased its focus over the years to really double down its efforts in Europe.”
Grove Ventures, an early-stage deep tech-focused Tel Aviv-based VC firm, has held a final close of Grove Ventures II with total commitments of USD120 million. The fund, with commitments from institutional and strategic investors, was oversubscribed.
Emerging markets private equity fund manager Da Vinci Capital has launched Da Vinci Emerging Technologies-Fund III, its third successive fund.
Macfarlanes has advised UK-based private equity firm August Equity Partners on the raising of its latest flagship fund, AEP V, which has closed at its hard cap of GBP300 million, exceeding its target of GBP275 million.