HV Capital has launched the first continuation fund in the German venture capital tech sector, with a size of over EUR430 million.
HV COCO Growth will enable HV Capital to continue supporting portfolio companies from existing funds and take advantage of further growth opportunities facing them. All existing investments from the three very successful funds HV IV, HV V and HV Co- investment Fund from the years 2010 to 2015 will be taken over by the new fund.
In addition to HarbourVest, which is the anchor investor, LGT Capital Partners, Pathway Capital, and a number of family offices and financial institutions will invest in the fund. Pathway Capital and the Holtzbrinck Publishing Group are reinvesting. Campbell Lutyens acted as exclusive financial advisor to HV Capital on the transaction.