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Laxman Pai, Opalesque Asia: London-based growth investor One Peak Partners has closed its technology-focused fund at its hard cap of €443m ($507 million).
The growth equity firm investing in technology companies said One Peak Growth II, launched in the first quarter of this year, was 'significantly oversubscribed'.
The fundraise launched in Q1 2020 and closed in Q2 2020. Commitments to 'One Peak Growth II' came from a diverse group of global investors, the firm says, including university endowments, foundations, public pension plans, fund of funds, and family offices.
One Peak was founded by Humbert de Liedekerke and David Klein in 2014 and is primarily looking to score minority investments in rapidly-growing European technology companies.
The fund's predecessor closed on €250m in December 2014.
Managing Partner David Klein said, "We have seen first?€?hand the emergence of a thriving European technology ecosystem over the past few years, and we are particularly impressed with the new crop of entrepreneurs who start their companies in Europe but have the ambition to win at a global scale. These are the type of founders we want to partner with and support them with our sector expertise, global network, and value creation platform."
"The fund close comes at an opportune time given the current economic backdrop, which forces businesses globally to accelerate their digitalization efforts. We believe this creates plenty of opportunities for tech...................... To view our full article Click here
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