Tag Archives: Funds

Carlyle AlpInvest Closes AlpInvest Atom Fund II at $1.7 Billion Hard Cap, Bringing Single-Asset Continuation Vehicle Investment Capacity to $7 Billion Across Its Secondaries Platform

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Carlyle AlpInvest establishes one of the largest dedicated pools of capital for GP-centered single-asset transactions globally

New York, Amsterdam, London, and Hong Kong — July 15, 2026 — Carlyle AlpInvest, a leading global private equity investor, today announced the final close of AlpInvest Atom Fund II (“AAF II” or “the Fund”), its second dedicated fund focused exclusively on single-asset continuation vehicle (“SACV”) transactions. AAF II closed at its hard cap of $1.7 billion, exceeding the $1 billion fundraising target. Together with the firm’s evergreen vehicles, AlpInvest Secondaries Program VIII, and related sidecar vehicles, the Fund brings Carlyle AlpInvest’s total SACV investment capacity to $7 billion during the Fund’s investment period.

AAF II received strong support from a diverse global group of institutional investors, including pension funds, sovereign wealth funds, insurance companies, banks, endowments, foundations, and family offices across 26 countries in North America, Europe, the Middle East, Africa, and Asia-Pacific.

The Fund pursues the same strategy as its predecessor, acquiring significant equity positions in high-quality, sponsor-backed companies through single-asset continuation vehicle transactions in mainly North America and Western Europe. AAF II is purpose-built to partner with leading private equity sponsors seeking to extend their ownership of top-performing portfolio companies, while providing a liquidity option to existing fund investors. The Fund benefits from Carlyle AlpInvest’s integrated GP-solutions platform spanning Secondaries, Portfolio Finance, and Primary Fund Investments, as well as the broader resources of Carlyle, providing a differentiated vantage point on asset quality, pricing, and GP alignment.

Chris Perriello, Partner and Global Head of Secondaries at Carlyle AlpInvest, said: “Single-asset continuation vehicles have become a core pillar of the GP-centered secondaries market, and we’ve built a dedicated team and platform that can execute these types of transactions. We believe AAF II gives us the scale and flexibility to lead the most consequential deals in the market while maintaining the underwriting discipline that has defined our approach.”

Julian Rampelmann, Partner, Head of Single-Asset Secondaries and Deputy Head of Secondaries and Portfolio Finance at Carlyle AlpInvest, said: “What sets Carlyle AlpInvest apart in this market is not just the dedicated capital, but the platform behind it. Our ability to draw on 25 years of GP relationships, proprietary data across tens of thousands of private companies, and the full breadth of our Secondaries and Portfolio Finance capabilities means we can offer sponsors a scaled, informed, and flexible partner at a critical moment in their asset’s lifecycle.”

Carlyle AlpInvest has been investing in single-asset continuation vehicles since 2018 and has committed $7 billion across 31 transactions in the strategy to date. The firm’s integrated platform — spanning LP interest acquisitions, GP-centered secondaries, NAV lending, GP commitment financing, credit secondaries, and evergreen products — provides a distinct structural advantage in assessing and underwriting single-asset transactions, where business and sponsor quality alongside GP alignment are the defining criteria.

About Carlyle AlpInvest

Carlyle AlpInvest is a leading global private equity investor with $107 billion of assets under management and more than 710 investors as of March 31, 2026. It has invested with around 390 private equity managers and committed over $118 billion across primary commitments to private equity funds, secondary transactions, portfolio financings, and co-investments. Carlyle AlpInvest employs around 300 people in New York, Amsterdam, Hong Kong, London, and Singapore. For more information, please visit www.carlyle.com.

Media Contact

Isabelle Jeffrey

Isabelle.Jeffrey@carlyle.com

(212) 332-6394

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Arctos Announces Final Close of Arctos Keystone Partners Fund I at $6.2 Billion

KKR

NEW YORK–(BUSINESS WIRE)–Arctos, a business of KKR, today announced the final close of Arctos Keystone Partners Fund I (“Keystone Fund I” or the “Fund”), its inaugural fund dedicated to providing bespoke growth capital and financing to leading alternative asset managers.

Keystone Fund I, and its affiliated vehicles, closed with $6.2 billion in capital commitments from a diverse group of global investors, including some of the world’s leading pension funds, retirement systems, endowments, insurance companies, family offices and global wealth platforms. The Fund exceeded its original $4 billion target size and, at the time of the close, represents the largest first-time fund in the broader GP Solutions space.

“Building and leading a private markets firm is hard. Today is more challenging than ever because the industry is undergoing a generational shift that requires strategic leadership and capital. As builders and entrepreneurs, our leadership team understands this challenge better than anyone,” said Ian Charles, Managing Partner and CEO of Arctos, Partner and Head of KKR Solutions at KKR. “We built Keystone to serve these leaders and their firms, not simply as a capital provider, but as a creative, flexible thought partner willing to embrace complexity and help solve hard problems. The strong investor support for the Keystone fund reflects the market’s conviction in that opportunity, the strength of the team we have assembled, and the differentiated platform we have built. We are grateful to our investors and sponsor partners for their trust from the very beginning.”

The Keystone private equity strategy is led by Joe Corcoran, John Stott, Charlie Tingue, and Michael Belsley. Their collective experience across private markets, structured solutions, secondaries, GP stakes and complex sponsor transactions have helped establish Keystone as a trusted, strategic partner to leading sponsors.

To date, more than 30% of the Fund’s capital has been deployed across 11 sponsors, reflecting the breadth of opportunity across the alternative asset management landscape. This includes Keystone’s backing of Hayfin’s management buyout from British Columbia Investment Management Corporation.

Arctos Keystone Partners Fund I is the first final closing of an Arctos fund since KKR closed its acquisition of Arctos in May. The Keystone strategy will target relationships with leading private fund sponsors in North America and Europe while building a diversified portfolio of investments across the alternative asset management landscape.

Evercore Private Funds Group acted as the exclusive global placement agent for the Keystone Fund I raise and Kirkland & Ellis LLP provided legal counsel to Arctos.

About Arctos

Arctos seeks to partner with exceptional leaders in sports and private markets to help them grow and unlock their vision. Founded in 2019 and acquired by KKR (NYSE: KKR) in 2026, Arctos is a part of KKR Solutions, a new global investing business at KKR, and serves as a catalyst for innovation, growth and business transformation across complex, illiquid and underserved markets.

Arctos is a team of business-builders, investors, operators and data scientists, which provides growth capital and liquidity solutions, differentiated thought partnership and purpose-built value creation capabilities. Its strategies include Arctos Sports, which partners with premium sports owners and franchises, and Arctos Keystone, which provides strategic capital solutions to leading alternative asset managers, real estate operators and investment managers, their funds and portfolio companies. Underpinning this approach is Arctos Insights, a proprietary quantitative research and data science platform, which supports Arctos’ investment process, market perspectives and partnership model. For more information, visit www.arctospartners.com or Arctos’ LinkedIn.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

 

Contacts

Media
Kristen Duarte
media@kkr.com

 

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CVC raises €3.0bn for CVC Catalyst, its Europe-focused mid-market private equity fund

CVC Capital Partners

CVC Capital Partners (AEX: CVC) is pleased to announce the final close of CVC Capital Partners Catalyst III (“Catalyst III”), its European-focused mid-market private equity fund, at approximately €3.0bn ($3.4bn). The final fund size is almost double the €1.75bn ($2.0bn) target, reflecting strong investor confidence in CVC’s long-term track record, differentiated platform and ability to identify attractive opportunities across the European mid-market.

CVC Catalyst is a sector agnostic private equity strategy focused on high-quality and growth-orientated mid-market businesses with an equity investment below €250m and predominantly based in Europe. CVC Catalyst is able to maximise the advantages offered by the CVC Network, combining the agility and focus of a dedicated mid-market strategy with access to CVC’s market leading pan-European network of 16 country offices and five sector teams. CVC Catalyst also leverages the experience and tenure of the CVC Europe/Americas Investment Committee and value creation resources of the wider CVC Network.

CVC has successfully invested in high-quality European mid-market businesses for more than 40 years. Alongside our market-leading Europe/Americas strategy, CVC Catalyst enables CVC investment teams to remain active across a broad range of attractive investment opportunities in the mid-market, which continues to benefit from favourable structural growth trends, founder succession dynamics and increasing demand from businesses seeking strategic capital and operational support, creating a highly attractive environment for disciplined investors with local market knowledge and operational expertise..

Rob Lucas, CEO at CVC, said: “This successful fund close marks an important milestone in the continued expansion of our leading Private Equity business. It not only reflects strong investor confidence in our long-term track record of delivering value across market cycles, but also the trust our investors place in our platform, people and ability to innovate across private markets. Building on the deep strengths of the CVC Network, CVC Catalyst further enhances our ability to partner with high-quality businesses and management teams across the exciting and rapidly evolving European mid-market opportunity.”

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Building on the deep strengths of the CVC Network, CVC Catalyst further enhances our ability to partner with high-quality businesses and management teams across the exciting and rapidly evolving European mid-market opportunity

Rob LucasCEO at CVC

Daniel Pindur, Managing Partner, co-Head DACH and Chairman of the Catalyst Executive Committee, said: “We are grateful for the strong support we have received from our existing long-term investors and new investor relationships. We believe the current market environment presents a highly attractive backdrop for the CVC Catalyst strategy and we are excited about the pipeline of opportunities we are seeing across our EU/US network. By leveraging CVC’s local rooted global platform, deep sector expertise and longstanding relationships, we are very well-positioned to build a high-quality and diversified European focused mid-market portfolio for our investors.”

Catalyst III has already made two investments with the acquisitions of WithSecure in late 2025 and WillowWood in June 2026, and has a strong pipeline of exciting opportunities where it will look to provide operational expertise, strategic guidance and access to CVC’s global network.

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CapMan Infra announces first close of Nordic Infrastructure III fund

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CapMan Infra announces first close of Nordic Infrastructure III fund

CapMan Nordic Infrastructure III, the third vehicle in CapMan Infra’s Nordic infrastructure fund series, held its first close on 24 June 2026. The Fund has a target size of EUR 750 million and is on track to reach a final close during 2027, supported by existing and new investors, both from within and outside the Nordics.

The strategy of CapMan Nordic Infrastructure III is to invest in lower mid-cap infrastructure businesses and assets across the Nordics, focusing on energy and utilities, transportation, and digital infrastructure. Classified as an SFDR Article 8 product, the Fund targets infrastructure assets that provide essential services and benefit from long-term structural trends, including the energy transition, digitalisation and the need for more resilient societies.

With a target size of EUR 750 million, the Fund is set to be CapMan Infra’s largest infrastructure fund to date and twice the size of its predecessor, CapMan Nordic Infrastructure II, which closed at EUR 375 million.

The Fund’s first close was supported by more than 20 institutional investors, with around one third of commitments coming from outside the Nordics. This share is expected to increase significantly in later closings as international investor interest towards a Nordic infrastructure strategy executed by an experienced local team remains high. Around two thirds of commitments are coming from German and Finnish pension institutions.

Several first closing investors have also reserved capacity for further commitments as fundraising progresses, providing positive momentum towards the Fund’s final close. With a strong pipeline of opportunities across its target sectors, the Fund is well positioned to make its first investments during 2026.

“CapMan Nordic Infrastructure III builds on our established Nordic infrastructure fund series. We are pleased by the support from both existing and new investors at the first close and are confident in the Fund’s progress towards a final close at its target size. The Nordic infrastructure market continues to offer attractive opportunities that benefit from structural trends, and the Fund is well positioned to deploy capital during 2026,” says Ville Poukka, Managing Partner at CapMan Infra.

For more information:

Ville Poukka, Managing Partner, CapMan Infra, +358 50 572 9120

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.2 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com.

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Blackstone Raises its Largest Asia Private Equity Fund at $13.1 Billion

Blackstone

Oversubscribed Fund More than Doubles Capital Raised for Predecessor Vehicle

June 2, 2026 – Blackstone (NYSE: BX) today announced the final close of Blackstone Capital Partners Asia III (“BCP Asia III”) at $13.1 billion, exceeding its $10 billion target and marking the firm’s largest private equity fundraise in the region. The oversubscribed fund reached its hard cap and builds on the strong performance of the strategy’s first two vintages, with this close representing more than double the amount of capital raised for its predecessor vehicle.

Joe Baratta, Global Head of Blackstone Private Equity Strategies, said: “We are grateful for the continued trust of our investors in Blackstone and our leading Asia Private Equity franchise. This successful fundraise reflects the strength of our platform and our ability to perform through cycles. Asia Pacific is the fastest-growing region in the world, presenting compelling opportunities to invest at scale behind our high-conviction themes and deliver for our investors.”

Amit Dixit, Head of Asia for Blackstone Private Equity, said: “For two decades, we have focused on building businesses into market leaders and driving performance for our investors. We believe our differentiation lies in our scale, supported by homegrown teams across the region’s major markets; strong performance; and our control-oriented strategy that enables us to have a hands-on, proactive approach to supporting business transformations. We thank our investors for their support and partnership.”

Blackstone has been one of the most active global investors in the region over the last 24 months, reinforcing its leadership in India and Japan. The firm invested over $7 billion of capital across 12 transactions, which include:

  • Neysa, a fast-growing Indian AI cloud platform
  • TechnoPro, Japan’s leading specialized engineering services provider
  • JUNO, South Korea’s top hair salon franchise

In addition, the firm has had 15 exits with realizations over the same period, including:

  • Listing of International Gemological Institute, the largest lab grown diamonds certification player
  • Listing of Aadhar Housing Finance, India’s largest affordable housing finance business
  • Exit from Alinamin Pharmaceutical after helping build the business into one of Japan’s leading consumer healthcare businesses

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Media Contact
Ellen Bogard
Ellen.Bogard@Blackstone.com
Tel: +852 3651 7737

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EQT Real Estate sets target fund size for EQT Exeter Industrial Value Fund VII at USD 6 billion

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DSC02013

EQT Real Estate has set the target size for EQT Exeter Industrial Value Fund VII (or the “Fund”) at USD 6 billion. The actual fund size is dependent on the outcome of the fundraising process and may be higher or lower than the target size. The Fund’s investment strategy and commercial terms are expected to be materially in line with the predecessor fund, EQT Exeter Industrial Value Fund VI.

The predecessor fund, EQT Exeter Industrial Value Fund VI, is as of today approximately 80 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication). Management fees for EQT Exeter Industrial Value Fund VII may be charged on committed capital from the initial closing of the Fund (or a later date designated by EQT in its reasonable discretion). Following the commitment period, management fees on the Fund will be based on net invested capital. 

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15 
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334 

 

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About EQT Real Estate
EQT is a purpose-driven global investment organization with EUR 269 billion in total assets under management (EUR 142 billion in fee-generating assets under management) as of 31 March 2026, divided into two business segments: Private Capital and Real Assets. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. Within EQT’s Real Assets segment, EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate manages about $59 billion in GAV, owns and operates over 2,000 properties and 450 million square feet, with over 400 experienced professionals across 50 locations globally. 

More info: www.eqtgroup.com
Follow EQT Real Estate on LinkedIn 

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EQT sets target fund size for EQT Infrastructure VII at EUR 21 billion

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Infra VII

THIS IS INFORMATION THAT EQT AB (PUBL) IS OBLIGED TO MAKE PUBLIC PURSUANT TO THE EU MARKET ABUSE REGULATION. THE INFORMATION WAS SUBMITTED FOR PUBLICATION, THROUGH THE AGENCY OF THE CONTACT PERSON SET OUT BELOW AT 19:30 CET ON 31 MAY 2026.

EQT sets target fund size for EQT Infrastructure VII at EUR 21 billion

EQT has today set the target size for the EQT Infrastructure VII fund at EUR 21 billion, corresponding to approximately USD 24.5 billion1. The actual fund size is dependent on the outcome of the fundraising process and may be higher or lower than the target size; the hard cap of the fund will be set at a later date. The EQT Infrastructure VII fund’s investment strategy is expected to be materially in line with the predecessor fund EQT Infrastructure VI.

To ensure continuity between two fund generations, EQT’s capital raisings usually follow a cycle with successor funds targeted to be in a position to commence investment activities when the predecessor fund is close to being fully invested. This means that the commitment period of the predecessor fund typically ends when approximately 80 to 90 percent of its total commitments are invested, with remaining commitments being available primarily for add-on acquisitions and strategic capital injections as well as for ongoing expenses. 

Management fees for the EQT Infrastructure VII fund may be charged from the earlier of (i) the date of signing of its first investment; or (ii) the date of termination of the commitment period of the EQT Infrastructure VI fund. Management fees on the EQT Infrastructure VI fund will thereafter be based on net invested capital.

Contact
Olof Svensson, Head of Shareholder Relations
EQT Press Office, press@eqtpartners.com

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of EQT Infrastructure VII will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America.  Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

1. Based on EUR to USD FX rate per ECB 29 May 2026.

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About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of more than three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR 269 billion in total assets under management (EUR 142 billion in fee-generating assets under management) as of 31 March 2026, within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees.

More info: www.eqtgroup.com

Follow EQT on LinkedIn, Twitter, YouTube and Instagra

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Ardian Clean Energy Evergreen Fund (ACEEF) enters the Uruguayan renewables market through acquisition of a 76MWp operating solar portfolio

Ardian

ACEEF acquires two operating solar PV plants with a combined capacity of 76MWp located in Uruguay
• The acquisition marks ACEEF’s entry into Uruguay and further expands Ardian’s renewable footprint in Latin America

Ardian, a global private investment firm, today announces that it has acquired two operating solar PV plants in Uruguay with a combined capacity of 76MWp.

The investment marks ACEEF’s first entry into the Uruguayan renewable energy market, further expanding Ardian’s footprint in Latin America. Uruguay benefits from strong renewable fundamentals, including a well-established regulatory framework and a high degree of revenue visibility, providing a supportive environment for long-term investment. Ardian intends to build its presence in the market over time through further investment opportunities.

The portfolio will be managed by AGR-AM, Ardian’s renewable energy platform in Latin America and Spain, which will oversee asset management and operational optimisation. The assets will also benefit from integration with OPTA, Ardian’s proprietary data analytics platform designed to optimise the management of renewable energy assets and support value creation across the portfolio.

Ardian already has a presence in Uruguay, through its investment in Akuo, which operates a portfolio of renewable assets in the country. More broadly, ACEEF has a long-standing presence in South America via solar PV assets in Chile, and hydropower and solar PV assets in Peru. This footprint supports Ardian’s ability to source, execute and manage investments locally.

The acquisition also strengthens the fund’s international renewable portfolio, providing further geographic diversification and supporting its strategy of building scalable positions in attractive markets.

“ACEEF is built around a selective and disciplined investment strategy focused on scalable platforms, diversified geographies and assets with strong contractual frameworks. Our entry into Uruguay adds high-quality operating capacity that supports stable yields, limits revenue volatility, and strengthens the fund’s diversified exposure to core renewable technologies.” Benjamin Kennedy, Managing Director Renewables, Ardian

“This transaction builds on AGR AM’s strong experience and operational track record across the region, enabling us to identify high quality opportunities and deliver value at scale. We look forward to building a strong and sustainable footprint in the market.” Angel Hernandez Del Teso, CEO AGR-AM

ACEEF is Infrastructure’s first open-ended clean energy fund, which was launched in early 2022 and whose fundraising reached €1.0bn at the closing in July 2023. The fund offers professional investors the opportunity to enhance their exposure to renewable assets and the energy transition. The fund commits to making investments with an environmental objective as described in Article 9 fund of the EU Sustainable Finance Disclosure Regulation (SFDR) and invests globally, with a focus on Europe.

ACEEF will continue to focus on core renewable technologies – namely solar, wind and hydro, as well as emerging technologies across biogas, biomass, storage and energy efficiency. ACEEF currently manages 1.5GW of operating capacity across 5 platforms.

Ardian has been a pioneer in the energy transition, having started investing in renewable assets in 2007. Across all Infrastructure Funds at Ardian, the team manages more than 10GW of clean energy capacity in Europe and the Americas.

ABOUT ARDIAN

In a world of constant evolution, Ardian stands out for its ability to anticipate, adapt, and turn challenges into opportunities. As a global, diversified private markets firm with 22 offices and more than 350 investment professionals worldwide, we provide investment and customized solutions that reflect new economic dynamics and help our clients remain resilient in a changing world.
We deliver multi-local expertise and long-term performance for our investors and partners as well as shared value for the broader society. Since Ardian’s inception in 1996, our pioneering approach to diversification and our ability to offer tailor-made solutions at scale have remained the heart of our strategy.
Through commitment, knowledge and technology, we bring lasting value to our companies and contribute positively to the whole industry.
Ardian currently manages or advises $200bn for more than 1,920 clients worldwide across Private Equity, Real Assets, and Credit.
Ardian. Mastering change for lasting value.

ardian.com

Media contacts

HEADLAND

ardian@headlandconsultancy.com

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EQT selected to lead the Scaleup Europe Fund

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The EQT team

  • The European Commission and fellow founding investors from across Europe have selected EQT as the preferred investment adviser and fund manager for the Scaleup Europe Fund (“the Fund”).
  • The Fund – which has a target size set at EUR 5 billion – will invest across the EU and associated countries in European technology scaleups, spanning digital systems, industrial systems and life sciences. EQT will make a significant commitment of its own capital to the Fund. 
  • With EUR 269 billion in total assets under management, EQT is Europe’s largest private markets investor. The Scaleup Europe Fund will build upon EQT’s long-term commitment to European technology, complementing its existing early-stage investment platform that is active across Ventures, Growth and Life Sciences

EQT has been selected by the European Commission and fellow founding investors from across Europe as the preferred investment adviser and fund manager for the Scaleup Europe Fund. The Fund is a new initiative launched under the EU Startup and Scaleup Strategy to bridge Europe’s scaleup funding gap. The Fund will invest across the EU and associated countries in Europe’s most promising technology companies, in sectors spanning artificial intelligence, quantum computing, dual use technologies, clean energy, space technology, biotech and medical innovation.

“We are proud to have been given the opportunity to lead the Scaleup Europe Fund and clear on the responsibility that comes with it. This is a significant milestone for Europe at a critical moment. Europe has proven its ability to create successful early-stage technology companies, the challenge is now to scale those businesses into becoming global leaders while maintaining their European roots,” said Per Franzén, CEO and Managing Partner at EQT. 

He added: “For more than a decade we have built EQT’s early-stage platform – through the launch of the Ventures and Growth strategies and the acquisition of leading European life sciences investor LSP – to help European technology and life sciences startups reach their full potential. The Scaleup Europe Fund is the latest step in this journey. Now we look forward to engaging with the entire European tech ecosystem to drive a better future for all.”

Ekaterina Zaharieva, Commissioner for Startups, Research and Innovation at the European Commission, said: “Europe’s competitiveness hinges on scaling our own innovation, in our own strategic sectors, with our own capital. The Scaleup Europe Fund is our bold step forward, where we unite public and private capital behind a shared vision for European leadership. With the newly selected fund manager and a coalition of Europe’s most respected long-term investors, this is proof of what Europe can achieve when we align our resources.”

EQT Partners Ted Persson and Victor Englesson are proposed as Co-Heads of the Scaleup Europe Fund Advisory Team, with Christian Sinding, Institutional Partner at EQT, proposed as Chair of the Investment Committee. The strategy will focus on privately-owned European technology companies from Series B onward, drawing on EQT’s broader platform, including Motherbrain for AI-driven sourcing and portfolio intelligence, a structured framework for activating corporate offtake partnerships, and EQT’s network of industrial advisors.

Ted Persson, Partner at EQT and proposed Co-Head of the Scaleup Europe Fund Advisory Team, said: “Realizing the Scaleup Europe Fund’s full potential will require partnership across the ecosystem. We invite investors, corporates, policymakers and institutions to join us on this journey to make the fund truly transformational for all of Europe. Our ambition is for the Scaleup Europe Fund to be more than capital, we want it to be a catalyst for the wider ecosystem, driving corporate partnerships, strengthening talent networks and fostering further public-private collaboration.”

“The Scaleup Europe Fund will partner with the most ambitious founders in Europe who are building global champions within a range of different strategic technologies. It’s critical for Europe’s long term competitiveness that these founders are successful and we will leverage all our global resources to help them win”, added Victor Englesson, Partner at EQT and proposed Co-Head of the Scaleup Europe Fund Advisory Team. “The Scaleup Europe Fund complements EQT’s existing platform and long-term approach to supporting companies with the capital, capabilities and ecosystem connections needed to scale globally.”

The Scaleup Europe Fund is designed on commercial terms, with market-standard governance and the appropriate independence to make decisions on commercial merit. The target fund size of the Scaleup Europe Fund has been set at €5 billion. The actual fund size is dependent on the outcome of the fundraising process and may be higher or lower than the target size; the hard cap of the fund will be set at a later date. EQT will make a significant commitment of its own capital to the Fund.

Alongside the European Commission, the group of founding investors in the Fund include Novo Holdings, EIFO (Export and Investment Fund of Denmark), CriteriaCaixa, Santander/Mouro Capital, Fondazione Compagnia San Paolo / Intesa Sanpaolo / Fondazione Cariplo, APG Asset Management (acting on behalf of Dutch pension fund ABP), and Allianz. Having concluded the competitive manager selection process, EQT and the founding investors will finalize the remaining documentation, structuring and regulatory steps required ahead of the formal launch of the fund.

More information
Biographies: Per Franzén, Ted Persson, Victor Englesson.
Press Kit: Here

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of any fund will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

Ekaterina Zaharieva is Commissioner for Startups, Research and Innovation at the European Commission, which will be a Founding Investor in the Scaleup Europe Fund could in the future have other business relationships with EQT and its affiliates, which create a potential conflict of interest. The European Commission’s views with respect to EQT and the Scaleup Europe Fund are not necessarily reflective of the views of current or future clients of EQT and investors in funds advised by EQT. EQT did not compensate Ekaterina Zaharieva or European Commission directly or indirectly for this statement.

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About EQT
EQT is a purpose-driven global investment organization with EUR 269 billion in total assets under management (EUR 142 billion in fee-generating assets under management) as of 31 March 2026, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

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Verdane closes €635 million continuation vehicle anchored by Arrive Group, alongside Talentech and Pet Media Group, with Coller as sole lead investor

Verdane Capital

Verdane, the European specialist growth buyout investment firm, today announces the successful closing of a €635 million multi-asset continuation vehicle (CV).

The fund enables the extension of Verdane’s investment horizon and capital availability for Arrive Group, the largest asset in the CV, alongside Talentech and Pet Media Group.

Coller Capital is the sole lead investor in the CV. StepStone acted as co-underwriter.

Bjarne Kveim Lie, Founder and Managing Partner at Verdane, said: “Arrive Group, Talentech and Pet Media Group are companies that we know well, and that have already generated strong returns for our investors. Our partnership with Arrive alone already spans more than a decade, and we are as excited about the road ahead as we have ever been. This new fund gives us the time and capital to help these businesses reach their full potential.”

Carl Nauckhoff, Partner and Chief Commercial Officer at Verdane, said: “This transaction is a strong endorsement of the quality of the three assets and of Verdane’s approach to active ownership. Coller’s deep expertise in the secondary market and their long-term perspective made them the ideal partner for a transaction of this nature. We are grateful for the strong interest received from high-quality institutional investors, which resulted in significant oversubscription. The CV allows us to continue investing behind businesses we know deeply, while providing existing investors with a meaningful liquidity option.”

Martin Fleischer, Partner at Coller Capital, said: “This is exactly the opportunity Coller looks to back. We are proud to lead a portfolio anchored by Arrive Group, an asset that has been a clear winner for Verdane over more than a decade and continues to compound, alongside two further high-quality assets in Talentech and Pet Media Group. The flexibility of our mandate allowed us to underwrite the full multi-asset portfolio as sole lead, reinforcing Coller’s track record of partnering with blue-chip Nordic managers on their best assets.”

Lazard acted as financial adviser, Simpson Thacher & Bartlett and Andulf Advokat acted as legal advisers to Verdane. Akin Gump acted as legal adviser to Coller Capital.

About Arrive Group

Verdane first invested in EasyPark in 2012 when it was a Nordic champion in mobile parking payments. Over the following decade, the company grew into a leading European consolidator in digital parking before completing a transformational merger with Flowbird in 2025 to create Arrive Group, a global digital parking and smart mobility provider with direct access to consumers and municipalities at scale. The business now operates in more than 20,000 cities in more than 90 countries.

For more information, visit www.arrive.com

About Talentech

Talentech is a Nordic HR software platform serving public sector and upper SME clients across the full recruitment lifecycle. Talentech recently agreed to merge with Grade, a complementary Nordic HR platform, significantly broadening the combined group’s product offering and creating a Nordic end-to-end HR solution.

For more information, visit www.talentech.com

About Pet Media Group

Verdane invested in Pet Media Group in 2019. The company has since grown into the leading operator of vertical pet classified sites globally. Every year, the company helps over 1.7 million pets to find new homes through its partnerships with trusted and vetted breeders and shelters. The new fund will support PMG’s next phase of growth, including US expansion, payments penetration and further bolt-on acquisitions.

For more information, visit www.petmediagroup.com

About Verdane

Verdane is a specialist growth buyout investment firm that partners with tech-enabled and sustainable businesses that help to digitalise and decarbonise the European economy. The flexible mandates of Verdane funds allow it to invest as a majority or minority control investor, replacement or growth capital, in single companies or in portfolios of companies.

Verdane has raised €10 billion in capital and its funds have made more than 200 investments in fast-growing businesses since 2003. Verdane’s team of more than 180 professionals and operating experts is based out of Berlin, Copenhagen, London, Helsinki, Munich, Oslo and Stockholm and combines deep sector expertise with long-standing local networks and presence in core European markets.

Verdane is also a certified B Corporation, the most ambitious sustainability accreditation globally. The firm only backs businesses that pass its 2040 test, which indicates whether the company can thrive in a more sustainable future economy.

Verdane is partly owned by the Verdane Foundation, which is focused on two areas: climate change and more equitable and inclusive local communities.

For more information, visit www.verdane.com

About Coller Capital

Coller Capital is a global leader in the secondary market for private assets, renowned for being a pioneer and innovator in the asset class. Founded in 1990, Coller provides investment and liquidity solutions to private market investors worldwide, and currently manages $54 billion* in private equity, private credit, and other private market vehicles. With headquarters in London and offices across North America, Europe, and Asia-Pacific, our multinational team offers a global reach.

Coller has exclusively focused on secondary investing since inception and today boasts one of the largest dedicated investment teams in the asset class.

Coller’s Private Wealth Secondaries Solutions (PWSS) business offers perpetual funds to eligible private wealth investors globally.

For more information, visit www.collercapital.com

*As at 31/12/2025.

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