Ipes, a provider of outsourced services to private equity in Europe, is providing administration services to Keen Venture Partners, a new venture capital firm operating from London and Amsterdam, in the first closing of its inaugural Keen Venture Partners Fund.
The fund had its first close at EUR90 million and will provide early growth capital for technology companies with breakaway momentum across Europe with a particular focus on innovation hubs in the UK, Netherlands, Sweden and Germany.
Ben Cook, UK managing director of Ipes, says: “Keen’s focus on innovation matches our own. We look forward to a long partnership and are delighted to support their inaugural fund.”
Robert Verwaayen, general partner of Keen Venture Partners, says: “This new fund is the first from Keen Venture Partners and we are pleased with the exceptional range of high-profile institutional and private investors, demonstrating a high level of confidence in the new fund. We chose Ipes because they were a good fit for us and have been an extension of our team during the first close.”