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Laxman Pai, Opalesque Asia: European technology growth capital firm Bregal Milestone announced the final closing of its second fund, Bregal Milestone Fund II, raising €770 million (up $833m) to partner with founders and management teams of European technology champions.
Fund II, which represents a 56% increase from its predecessor fund, secured new commitments from a diverse group of investors including asset managers, family offices, fund of funds, and pension plans, and brings Milestone's assets under management to €1.3 billion, said a media release from the investor focused on providing flexible growth capital and strategic assistance.
Milestone's Founders and Managing Partners, Cyrus Shey, Jan Bruennler, and Philippe Lautenberg, said: "We are extremely grateful for the support we have received during this fundraise and look forward to building long-term relationships with our valued partners. We are excited about the opportunity to continue investing in a rapidly expanding and underserved European technology ecosystem, at a time when our strong track record of delivering capital-efficient growth is increasingly valued by both management teams and investors."
"We maintain a high degree of conviction that our pan-European approach, high-intensity direct sourcing strategy, and operational focus means that we are well placed to capitalize on these opportunities through pricing discipline and relative value optimization," th...................... To view our full article Click here
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