Zurich-based ViewPoint Capital Partners has announced the first closing of its second fund, Viewpoint Growth II, with total aggregate commitments currently amounting to EUR81m.
Zurich-based ViewPoint Capital Partners has announced the first closing of its second fund, Viewpoint Growth II, with total aggregate commitments currently amounting to EUR81m. A final closing is expected to be held at EUR130-140m by the end of the year.
Like its predecessor, Viewpoint Growth II will solely focus on investments in continental European software and internet technology businesses, with capital deployed in both minority and control shareholdings, including replacements and buy-outs.
Typical investments will range in size from EUR6m to EUR12m, depending on the transaction type and size of the company. With the new fund ViewPoint plans to invest in growth-stage software technology companies with established business models, top-tier customer bases, and revenues ranging from EUR5m to EUR30m. The firm’s investment activities span throughout Europe with a special focus on the German-speaking countries, the Benelux countries and Denmark.
New and existing investors that have committed to the fund include institutions such as Access Capital Partners, BNP Paribas Private Equity, Caisse Nationale des Caisses d’Epargne, Credit Suisse, CSG, Greenpark Capital, Fortis Group/MeesPierson, RWB/Capvent and various European and US family offices.
Lead legal counsel to the fund was the Munich office of SJ Berwin, which advised on the structuring of the fund, the key documentation and negotiations with investors.
