Claret Capital, a London-based Pan-European growth capital provider, has held the final closing of Claret European Growth Capital Fund III, with total commitments of €297 million.
Claret Capital, a London-based Pan-European growth capital provider, has held the final closing of Claret European Growth Capital Fund III, with total commitments of €297 million.
The final close of Fund III, which was in excess of its original target of €250 million, includes commitments from a broad range of leading institutional investors who continue to support Claret within the debt financing market. Repeat investors include EIF, British Business Investments, RAG-Stiftung, Certior Capital and KfW Capital, while five new institutional investors also participated – Allied Irish Banks, Aozora Bank, Banca March, HNA, and the Ireland Strategic Investment Fund (ISIF) – as well as entrepreneurs and industry experts.
In addition to the final close of Fund III, a number of co-investment agreements have been finalised which provide substantial additional firepower to offer loan facilities of up to €50 million.
Since the first investment from Fund III in March 2021, Claret has welcomed 29 businesses into the Fund III portfolio. Fund III will continue to invest in innovative growth stage technology and life science businesses throughout Europe – primarily to support organic growth and M&A. Taken together, the final close of Fund III and the co-invest vehicles enable Claret to support businesses with over €500M of capital in the next three years with which we expect to support an additional 50-60 new companies.
