Tag Archives: Funds

KKR Closes $23 Billion North America Private Equity Fund

KKR

Arctos will be part of KKR Solutions, a new investing business within KKR

NEW YORK–(BUSINESS WIRE)– KKR & Co. Inc., a leading global investment firm, today announced that it has closed its previously announced acquisition of Arctos Partners (“Arctos”), a premier institutional investor in professional sports franchise stakes globally and a leader in asset management solutions for sponsors. The transaction has received the specified sports league approvals required for closing.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260504956768/en/

Founded by Ian Charles and Doc O’Connor in 2019 and headquartered in Dallas, Texas, Arctos has the largest institutional portfolio of professional sports franchises and is a recognized innovator in providing strategic capital to asset management firms through structured solutions. The firm manages approximately $16 billion in assets under management and provides bespoke growth and liquidity solutions to sports franchises (“Arctos Sports”) and alternative asset managers (“Arctos Keystone” or “GP Solutions”).

“We are thrilled to welcome Arctos to KKR,” said Joe Bae and Scott Nuttall, Co-Chief Executive Officers of KKR. “Our firms have strong cultural alignment and shared entrepreneurial roots. Ian and Doc have built a highly distinctive market leading platform, and we look forward to partnering with them and their team to support the continued growth of the business and further strengthen KKR’s sourcing and origination capabilities.”

As a result of the transaction, Ian Charles, Doc O’Connor and the rest of Arctos have become part of KKR Solutions, a new investing business within KKR that is led by Ian Charles. KKR Solutions includes Arctos’ Sports and Keystone businesses and will serve as the home of a scaled multi-asset class secondaries business KKR will build over time.

“This transaction is a milestone for Arctos and our partners, representing the strength of our strategy and KKR’s belief in our team,” said Arctos’ Managing Partners Ian Charles and Doc O’Connor. “With KKR’s deep expertise and global platform, we are well positioned to accelerate our mission of building a differentiated investment platform that delivers innovative, tailored capital solutions to sports franchises and alternative asset managers, while expanding our impact across the industries we serve.”

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.

About Arctos

Arctos is an investment firm designed to catalyze growth and unlock value in complex, illiquid, and underserved markets. Founded in 2019, the firm’s investment businesses span capital solutions for alternative asset managers (Arctos Keystone) and premier sports franchises (Arctos Sports), delivering bespoke capital solutions, differentiated insights, and purpose-built operating capabilities to industry leaders in both markets. The firm’s innovative approach is anchored by its quantitative research and data science platform, Arctos Insights. Arctos has a team of more than 75 investment and operational professionals with expertise across industries, geographies, and economic cycles. The firm is headquartered in Dallas, with office locations in New York, Boston, and London. For more information, visit www.arctospartners.com or Arctos’ company page on LinkedIn.

Forward Looking Statements

This press release contains certain forward-looking statements pertaining to KKR, including with respect to Arctos. Forward-looking statements relate to expectations, beliefs, future plans and strategies, anticipated events and similar expressions concerning matters that are not historical facts and which can change as a result of many possible events or factors, not all of which are known to KKR or within its control, and, as a result, may vary materially. Information about factors affecting KKR, including a description of risks that should be considered when making a decision to purchase or sell any securities of KKR, can be found in KKR & Co. Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 27, 2026, and its other filings with the SEC, which are available at www.sec.gov.

Investors
Craig Larson
1-877-610-4910 (U.S.) / 212-230-9410
investor-relations@kkr.com

KKR Media
Kristi Huller
media@kkr.com

Arctos Media
Prosek Partners
Pro-Arctos@Prosek.com

Source: KKR & Co. Inc.

 

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Schroders and Apollo to Deliver Next Generation Investment Solutions in Ambitious Multi-Channel Partnership

Apollo logo

Innovative partnership leverages the best of Schroders and Apollo to deliver improved client outcomes, with ambition to reach multi-billion-dollar annual flows across both new and existing clients

Apollo Global Management wordmark logo shown in green identifying the alternative asset management firm referenced in a joint announcement with Schroders regarding a strategic partnership to develop investment solutions for institutional and wealth management clients.

Schroders corporate logo displayed in blue, representing the global asset management firm referenced in the announcement outlining a strategic partnership with Apollo to develop next-generation investment solutions for institutional and wealth management clients.

LONDON and NEW YORK, Feb. 09, 2026 (GLOBE NEWSWIRE) — Schroders (LON: SDR) and Apollo (NYSE: APO) today announce a strategic partnership to develop a next generation of innovative wealth and retirement investment solutions aimed at enhancing client choice and outcomes.

The partnership brings together two global leaders, combining Schroders’ active management pedigree in public markets and specialist capabilities across private markets, through Schroders Capital, with the expertise of Apollo’s private markets platform focusing on complementary strengths.

Key initiatives include accelerating and deepening the firms’ offering in the UK wealth market, through the co-creation of new investment products blending public and private market fixed income exposures from across Schroders, Schroders Capital and Apollo. These will seek to provide enhanced income solutions for UK wealth clients, with improved diversification and excess return per unit of risk across the full credit spectrum. The first product is expected to launch later this year. In addition, Schroders will have the opportunity to allocate to Apollo from certain existing client portfolios, with a focus on capabilities that complement Schroders Capital and with the potential to improve client outcomes.

Meanwhile in the US, a Collective Investment Trust for the defined contribution pension market is being prepared for launch in Q2 2026, combining complementary exposures across Schroders Capital and Apollo.

The partnership reflects growing demand globally for hybrid solutions that harness the best of both public and private markets, to help meet growing savings and retirement needs. Successful market testing with potential clients, along with potential flows from existing clients, point to a multi-billion dollar per annum opportunity.

Schroders Group Chief Executive, Richard Oldfield, said:

“This partnership is highly complementary, delivering the best of Schroders and Apollo to deliver better outcomes for our clients. It has the potential to offer clients something truly different; innovative investment solutions with the potential to deliver robust, resilient returns, encompassing offerings across the wealth and retirement landscape in the UK and the US.

“We have always said that we would only pursue partnerships which enhance our existing offering and it is clear that this agreement with Apollo meets that criteria. We cannot wait to get started together.”

Apollo Global Management CEO, Marc Rowan, said:

“Schroders is a storied institution with deep investment expertise and a reputation for delivering excellent client outcomes. Our complementary capabilities can help address a large and growing societal need for reliable income solutions. Together we look forward to developing the next generation of hybrid products.”

Schroders is a $1 trillion+ asset manager with a deep heritage in public equities and fixed income, and with extensive private market capabilities through Schroders Capital, including across the universe of private debt and credit alternatives where the firm manages more than $38 billion on behalf of clients. In the UK wealth market, Schroders has established itself as a true market leader, spearheading the growth of LTAFs and evergreen structures that enable more investors to benefit from the robust returns and diversification benefits private markets can offer.

Apollo is a leading global asset management and retirement services business. It has approximately $908 billion of assets under management and operates one of the world’s largest alternative credit businesses with a significant focus on private investment grade credit origination.

For further information, please contact:

Andy Pearce
Head of Media Relations
+44 20 7658 2203
Andy.Pearce@Schroders.com

Jennifer Manser
Head of Corporate Communications and Business Management, North America
+1 (212) 632-2947
jennifer.manser@schroders.com

For Apollo:

Noah Gunn
Global Head of Investor Relations
+1 (212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
+1 (212) 822-0491
Communications@apollo.com / EuropeanMedia@apollo.com

Note to Editors

To view the latest press releases from Schroders visit: https://www.schroders.com/en/global/individual/media-centre/

Schroders plc

Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £776.6 billion (€906.6 billion; $1064.2 billion) of assets under management at 30 June 2025. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 5,800 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Principal Shareholder Group continues to be a significant shareholder, holding approximately 44% of the issued share capital.

Schroders’ success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.

Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.

Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.

Schroders Capital
Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customised private market strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private market mandates. The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity.

With $111 billion (£81 billion; €94.5 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).

*Assets under management as at 30 June 2025 (including non-fee earning dry powder and in-house cross holdings)

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2025, Apollo had approximately $908 billion of assets under management. To learn more, please visit www.apollo.com.

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Warburg Pincus Closes on $3.0 Billion Financial Services Fund

Warburg Pincus logo

Warburg Pincus Financial Sector III exceeds initial target, reflecting strong support for the firm’s Financial Services strategy and compelling set of investment opportunities

January 7, 2026 – New York – Warburg Pincus, the pioneer of global growth investing, today announced it has successfully raised Warburg Pincus Financial Sector III, L.P. (“WPFS III”), closing on $3.0 billion of capital. WPFS III launched in 2024, with a target of $2.5 billion.

Over the past five decades, Warburg Pincus has been a leader in investing in financial services companies, deploying nearly $27 billion in over 160 companies across market cycles and remains highly active in today’s dynamic environment. The firm invests across the full spectrum of financial services sub-sectors globally, including banks, insurance, asset & wealth management, specialty finance, payments, and financial services-focused software, infrastructure and services. Notable investments of the firm’s financial services strategy include AA, Avanse, Banc of California, EverBank, Foundation Risk Partners, GCash, IntraFi, Kestra, Mellon Bank, McGill & Partners, and Procare.

“Despite a complex macroeconomic and geopolitical backdrop, Warburg Pincus demonstrated the strength and global reach of our platform, successfully closing our third Financial Services fund, marking our largest Financial Services fund to date. We believe our strong fundraise reflects the substantial momentum and trust of our limited partners, earned through consistent engagement, rigorous execution, and deep sector experience across financial services,” said Jeff Perlman, CEO, Warburg Pincus. “Guided by a long‑term, collaborative approach, we continue to offer differentiated strategies and innovative solutions while remaining disciplined and focused on our investor-first approach.”

“Our Financial Services investing practice leverages a broad global platform and deep experience across a variety of sub-sectors, with the flexibility to pursue what we view as the most attractive opportunities. Secular trends like rapid digital transformation, rising financial product use in emerging markets, and growing household wealth are creating new investment opportunities and making financial services a prime sector for long-term growth,” said Dan Zilberman, Global Co-Head of Financial Services and Global Head of Capital Solutions.

“We believe that the strong performance of our first two Financial Services companion funds, driven by our demonstrated ability to consistently return capital to investors, has fueled this strong demand for our latest fund. With this fresh set of capital, we believe we are well-positioned to pursue both secular and cyclical trends shaping the financial services sector to build durable companies that are capable of delivering value,” added Vishal Mahadevia, Global Co-Head of Financial Services and Head of Asia Private Equity.

The firm’s Financial Services practice is a cohesive, global platform comprising over 40 investment professionals, one of the largest dedicated global financial services teams in the industry.

WPFS III follows the success of the firm’s global flagship fund, Warburg Pincus Global Growth 14, which closed with $17.3 billion, also exceeding its initial target fund size of $16 billion. It also succeeds the successful $4.0 billion close of the firm’s Capital Solutions Fund (WPCS FF), exceeding its initial target of $2.0 billion.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $85 billion in assets under management, and more than 215 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

The firm is headquartered in New York with more than 15 offices globally. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

Contact

Kerrie Cohen | Managing Director, Global Head of Communications & Marketing
kerrie.cohen@warburgpincus.com

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CapMan Natural Capital announces first close of European Forest Fund IV

Capman

CapMan Natural Capital announces first close of European Forest Fund IV

CapMan Natural Capital has completed the first closing of its fourth main fund, CapMan Dasos European Forest Fund IV. This underscores the confidence of international institutional investors in CapMan Natural Capital’s forestry investment platform and reflects strong demand for professionally managed forestry investment strategies. Fundraising continues, with the objective of building a fund larger than its predecessor vehicles.

The CapMan Dasos European Forest Fund IV is a closed-ended forestry fund targeting long-term value creation through active, sustainable management of European forest assets. The Fund aims to deliver a net internal rate of return of more than 8% by investing in high-quality European forest assets, where active management can unlock additional value beyond biological growth.

The Fund’s investment strategy focuses on building and operating a diversified portfolio of forest assets primarily in Northern Europe, UK and Ireland. These markets are characterised by established sustainable forestry practices, transparent legal frameworks and opportunities for hands-on value creation through active asset management and additional sustainability measures.

“CapMan Dasos European Forest Fund IV builds on our long-standing experience in forestry and our belief that active asset management is essential to unlocking the full value of forests,” says Jyri Hietala, Managing Partner at CapMan Natural Capital. “Beyond steady biological growth, forests increasingly generate additional value as natural capital attributes such as carbon sequestration, biodiversity and land-use optionality are recognised and monetised.”

By combining sustainable forestry operations with measurable climate and biodiversity benefits, the Fund aims to deliver clear impact while potentially realising additional financial value. In addition to wood production, the Fund will collaborate with renewable energy developers to explore renewable energy projects on forestland where appropriate, further enhancing long-term returns while supporting the green transition.

Following CapMan Natural Capital’s established stewardship framework, management of the Fund will have a strong emphasis on sustainable forestry practices, forest certification standards and nature-based solutions. CapMan’s local operating partners and deep regional expertise will play a central role in sourcing assets, executing value-creation initiatives and managing stakeholder relationships across target markets.

“Our investment team has delivered strong results over the years and brings deep experience in the European forestry investments,” says Tapani Pahkasalo, Co-Managing Partner at CapMan Natural Capital. “This experience positions us to deploy capital effectively and to pursue both financial performance and long-term natural-capital outcomes across the Fund’s investments.”

The Fund is structured as an SFDR Article 9 product, committing to sustainable investments. Its sustainable investment objective is aligned with the EU Taxonomy, targeting climate change mitigation. The Fund invests exclusively in FSC or PEFC certified, or certifiable, forests, with a goal of achieving certification for 100% of its assets. Science-based monitoring ensures that carbon stocks, biodiversity metrics, and social indicators are tracked, providing quantifiable environmental and social impact alongside financial returns.

For more information, please contact:

Jyri Hietala, Managing Partner, CapMan Natural Capital, +358 40 359 3566

About CapMan Natural Capital

CapMan Natural Capital is a specialist natural capital asset manager focused on sustainable forestry investments across Europe. The team acquires and actively manages forest and land assets with the objective of delivering long-term risk-adjusted returns alongside measurable environmental outcomes, including climate change mitigation and biodiversity enhancement. CapMan Natural Capital is part of CapMan Plc, formed after acquisition of Dasos Capital in 2024.

CapMan Natural Capital manages approximately 240,000 hectares of land across eight EU countries with a market value of 1.5 billion euros, reinforcing its position as one of Europe’s leading independent forest asset managers. The investment team has established a total of 8 forest investment funds and co-investment vehicles since 2009. European Forest Fund IV represents the next phase of growth for the platform, scaling proven strategies across a broader asset base.

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.1 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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Volve Capital closes its first €9 million fund to back tech founders at the earliest stages

Volve Capital

volve_image

Amsterdam, 2 December 2025 – Volve Capital is proud to announce the final close of its first fund at €9 million, dedicated to investing in startups in their earliest stages across the Benelux and DACH regions.

Founded by Dutch entrepreneurs Joost Bijlsma (30) and Maurits Hovius (32), Volve Capital was built on a simple insight: early-stage founders need investors who actually understand what “day zero” feels like. Having experienced the process of building companies from scratch, both as founders and as investors, Bijlsma and Hovius created Volve Capital to be the partner they once needed.

Unlike traditional venture capital funds, Volve Capital operates with the speed, energy, and pragmatism of the startups it backs. Supported by a network of operators, Volve Capital helps founders level up in tech, data, GTM, marketing, ops, and finance – giving them the momentum they need right from the start.

After twelve months of fundraising, Volve Capital officially launches its first fund, Fund I, at €9 million. The fund focuses on pre-seed (very early) stage companies, with initial investments ranging from €150,000 to €500,000 and follow-on capacity of up to €1 million per company. Volve Capital plans to make approximately 12 to 15 investments in total, seven of which have already been completed in the startups Eddygrid, NOX Energy, Stippl, Conservio, Whisper, Twindo and Supplied.

“Founders need the right partner from the very beginning. Going from zero to one is the hardest step – I’ve lived it. We want to be that partner; offering capital and, more importantly, support,” says Joost Bijlsma.

“There’s plenty of funding available in the ecosystem once founders start to show traction, but at day zero it’s still often hard to find – especially when looking for investors willing to take the lead in these early rounds. That’s exactly where we step in. And yes – we actually do lead pre-product and pre-revenue deals,” Maurits Hovius adds.

Fund I is supported by approximately 30 Dutch entrepreneurs as limited partners, including Henk Jan Beltman (Tony’s Chocolonely), Roelof Bijlsma (former founder of Conclusion), Heleen Dura van Oord (Peak Capital), and Mathieu Zwinkels (former Waterland), who also serve on Volve Capital’s advisory board. Additional financial backing was provided through the RVO Seed Capital program.

After completing all 12 to 15 investments, Volve Capital aims to continue its mission with the launch of a second fund.

About Volve Capital

Volve Capital is an early-stage venture fund founded in 2024 by Joost Bijlsma and Maurits Hovius, investing in ambitious founders across the Benelux and DACH regions. By combining capital with operational expertise, Volve helps teams build faster, scale smarter, and create lasting value.

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Swiss Government Extends Technology Fund Mandate with Emerald through 2030

Emerald

Zurich, Switzerland — Emerald Technology Ventures, a pioneering climate tech venture capital firm, has announced that the Swiss Government, through the Federal Office for the Environment (FOEN), has officially extended the mandate for Emerald to manage the Technology Fund through 2030.

Since being awarded the Technology Fund mandate in 2014, Emerald has served as the external management agency on behalf of FOEN, assessing, recommending, and overseeing guarantee applications for climate‐tech Small and Medium Enterprises (SMEs) in Switzerland. The Fund supports innovations in greenhouse gas reduction, renewable energy deployment, resource conservation, and energy efficiency.

The extension to 2030 affirms the Swiss Government’s confidence in Emerald’s ability to deliver on ambitious climate, environmental, and economic outcomes, and positions the Fund to continue accelerating Switzerland’s climate‐tech ecosystem over the coming years.

Key Highlights & Impact

  • Proven track record: Over its mandate since 2014, Emerald has managed the guarantee process with rigor, transparency, and operational excellence. The Technology Fund has become a cornerstone instrument in Switzerland’s climate policy architecture.
  • Significant scale & environmental impact: The Fund’s portfolio companies have collectively realized considerable reductions in greenhouse gas emissions and advanced technologies helping Switzerland meet its climate goals.
  • Supporting SME innovation without equity dilution: By offering loan guarantees rather than equity, the Technology Fund fills a vital gap in financing for climate‐tech SMEs, helping them access bank credit under favourable conditions.
  • Strong institutional backing through 2030: The extended mandate ensures continuity, enabling Emerald to build further on the Fund’s impact, expand access, and deepen partnerships with private capital, research institutions, and the start‐up ecosystem.

Quotes from Emerald Leadership

“We are honoured by the trust the Swiss Government has placed in Emerald by extending this mandate through 2030,” said Simone Riedel Riley, Partner at Emerald and Head of the Technology Fund. “Over the past decade, we have worked tirelessly to ensure that the Technology Fund serves not only as a financial instrument, but also as a catalyst for innovation, environmental impact, and sustainable economic growth. This extension gives us the stability and horizon needed to scale further and deliver even greater results for Swiss climate‐tech SMEs, investors, and society at large.”

Gina Domanig, Managing Partner and CEO of Emerald, added: “This extension is a powerful signal to the market: Switzerland believes in the power of climate innovation, and Emerald is committed to delivering on that belief. Together, we will continue to unlock green technologies, support ambitious entrepreneurs, and generate both environmental and financial returns.”

Quotes from Technology Fund Portfolio Companies

David Eberli, Founder und CEO, smart-me: “The guarantee from the Technology Fund enabled us to deepen our product development and accelerate our market launch. This was particularly important because, as a startup, it is often not easy to find sufficient capital for the successful further development of innovative products.”

Gian Andri Diem, CEO, dhp Technology: “Support from the Technology Fund was an important building block for the success of our solar folding roof technology – for example, in the world’s largest movable solar folding roof over the Thunersee wastewater treatment plant with 3.5 MWp. In a challenging market environment, the Technology Fund enables sustainable innovation, visibility, and trust.”

Roger Stahel, CEO, IS SaveEnergy: “The guarantee from the Technology Fund helped us finance our internationalization strategy and our strong growth path. We were able to quadruple our revenue since! Last year we sold about 60 large installations all over Europe, the U.S., and South America.”

More on Emerald in Switzerland:

Emerald Technology Ventures Celebrates 25 Years of Climate Tech Leadership

Emerald leads CHF 23.5 M investment in Embotech, autonomous driving innovator

bNovate to expand globally – accelerating rapid water monitoring – with new Emerald investment

About Emerald Technology Ventures

Emerald is a globally recognized venture capital firm, founded in 2000, that manages and advises assets of over €1 billion from its offices in Zurich, Toronto and Singapore. The firm invests in start-ups that tackle big challenges in climate change and sustainability, with four current funds, hundreds of venture transactions and five third-party investment mandates, including loan guarantees to over 100 start-ups.

This is Emerald.

Bold Ideas. Bright Future.  www.emerald.vc

CONTACT FOR EMERALD:

info@emerald.vc

About the Swiss Technology Fund

The Technology Fund is a political instrument of the Swiss government’s climate strategy. Emerald Technology Ventures AG manages the Swiss Technology Fund on behalf of the Federal Office for the Environment (FOEN) together with its subcontractor South Pole AG. The Climate Division of the Swiss Federal Office for the Environment FOEN is responsible for its strategic governance. By providing financial backing to companies advancing innovative climate solutions, the fund fosters the development of technologies that contribute to the reduction of greenhouse gas emissions and promote sustainability.

www.technologyfund.ch

Contact  for the Technology Fund:

info@technologiefonds.ch

 

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Keen Venture Partners launched the European Defence and Security Fund

Keen

Today, Keen Venture Partners announces that it has completed the ‘first close’ of its European defence and security technology fund. The fund has raised more than €150 million and is now the largest defence-tech venture capital fund in Europe. Keen is fully operational and deploying capital into startups and scale-ups, building defence and security technology in European NATO countries.

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The Urgent Need for European Strategic Autonomy

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NATO Secretary-General Mark Rutte made clear that Europe can no longer wait to strengthen its own defence capabilities. Investing more in European technology is essential for achieving strategic autonomy.

  • The war in Ukraine has demonstrated that scalable, software-driven technologies, including artificial intelligence and autonomous systems, now significantly impact effectiveness on the modern battlefield.
  • European startups are also building these technologies.
  • Yet only one quarter of European defence procurement budgets currently stays within the EU.
  • As a result, innovators lack both capital and access to initial defence customers.

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Private and Institutional Investors Stepped Up

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The ‘first close’ was made possible by commitments from private individuals and institutional investors who recognise the urgency of strengthening Europe’s defence-tech ecosystem.

  • The European Investment Fund (EIF) and pension fund PME each committed €40 million.
  • Keen is the first European VC fund to receive a commitment from the EIF under its new €175 million Defence Investment Programme.
  • Other investors include TNO, the Netherlands’ largest applied research organization with deep expertise in defence and deep tech, and ABN AMRO, signalling strong support from the broader financial ecosystem.
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“With the first close completed, we are firing on all cylinders,” say Alexander Ribbink and Giuseppe Lacerenza, partners at Keen Venture Partners. “We have institutional backing from the EIF and PME, and an advisory board with deep experience in both military operations and defence policy. Europe has the talent, the technology and the ambition. What was missing was capital and access to launching defence customers. That is the gap we are closing.”

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“Our message to entrepreneurs is clear: If you are building technology that can make a difference on the modern battlefield or strengthen the resilience and deterrence of Europe, we need to talk. This is about adding entrepreneurs to Europe’s defence-tech ecosystem and building a stronger, more innovative Europe together.”

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Capital Ready to Be Deployed

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Keen backs companies that develop dual-use technology as well as defence-first companies building critical capabilities directly for defence.

  • Fund Focus Areas: cybersecurity, autonomous systems, deterrence technologies, and space applications.
  • Investment Strategy: Keen aims to invest in more than 25 companies from seed to Series B, with the emphasis on Series A.
  • Investment Size: Investments ranging from €1 to €10 million.
  • Previous Investments: EclecticIQ, Intelic (formerly Avalor AI), and Perciv AI.

Keen expects extensive collaboration and co-investment with other European VC firms over the coming years. To support this next phase of growth, Keen is ramping up the team and hiring additional investment professionals.

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Nyver announces oversubscribed closing of inaugural fund at €335m hard-cap

Nyver Capital Partners

Nyver Capital Partners (“Nyver”), an Amsterdam-based newly established private equity firm, is delighted to announce the final close of its inaugural Nyver I fund (“the Fund”) at its hard cap of €335 million. This makes it the largest first-time private equity fund raised to date in the Netherlands. The fund was significantly oversubscribed, reaching its hard cap in just over four months, which is a testament to the strong support from a diverse group of global investors.

The Fund will focus on buyout investments in knowledge-intensive, asset-light businesses across the Netherlands, focusing on founder-led companies. Nyver will target profitable B2B companies across IT & business services, critical engineered components and essential products. Nyver applies a human capital centric approach helping strong teams build even stronger organisations and accelerate growth.

Nyver I received the vast majority of its commitments from a broad group of institutional investors globally, including endowments and foundations, asset managers, family offices and insurance companies. This was augmented with commitments from its network of respected entrepreneurs. The strong demand for Nyver I reflects investor confidence in the team’s vision and track record.

Floris Waage, Managing Partner at Nyver, commented:

“Our vision for Nyver is to be the partner of choice for Dutch entrepreneurs seeking to accelerate and transform their businesses into true market leaders. We have a deep passion for entrepreneurship and cooperating with the best teams possible. We help to build organisations and grow people, not just numbers. We are very grateful that high quality institutional investors and well-respected Dutch entrepreneurs alike have given their overwhelming support to Nyver.”

Asante Capital Group acted as exclusive global fundraising adviser, while Loyens & Loeff acted as lead outside counsel.

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Ardian set to mobilize Development Finance Institutions (DFIs) with European Investment Bank (EIB), Proparco and British International Investment (BII) for a €100m commitment for its Nature-Based Solutions strategy

Ardian

Ardian’s Nature-Based Solutions strategy is dedicated to investing in projects in reforestation, wetlands and mangrove restoration intended to protect biodiversity.
• The strategy aims at providing carbon credit to corporates in their decarbonisation strategy. It will enable the sequestration of 85 million tons of carbon from the atmosphere over a 40 year’ period.
• European Investment Bank commits €50m and Proparco €20m and British International Investment intend to commit €10m, reflecting increasing DFIs appetite in the sector.

Ardian, a world-leading private investment firm, today announces that it has secured commitment from several Development Finance Institutions (DFIs), the European Investment Bank (EIB) and Proparco. British International Investment (BII) have signaled their intention to provide commitment to the Nature Based Solutions fund. Total fund commitments will stand for a total of c. €100m by year end to Ardian’s Nature-Based Solutions (NBS) strategy. As anchor investors, EIB’s development arm EIB Global commits €50m, while Proparco will commit €20m and British International Investment has received approval for a €10m commitment, subject to final negotiations. 

Averrhoa NBS is a SFDR* Article 9 impact fund overseen by Ardian’s Infrastructure team in partnership with aDryada, a specialist developer and manager of large-scale ecosystem restoration projects. The strategy is dedicated to investing in projects to reforest and restore wetlands and mangroves, intended to protect biodiversity while enabling the sequestration of large volumes of carbon from the atmosphere via natural carbon sinks. The strategy aims to sequester 85 million tons of carbon over a period of 40 years**. These anchors investors, including FDJ UNITED for €5m and Mutuelle d’Ivry (La Fraternelle), will allow the fund to secure a €100m first round of commitment, and to attract institutional investors and corporate seeking to have positive environmental and social impact through their investment activities.

As well as sequestering carbon, Averrhoa NBS projects will seek to contribute to climate mitigation by preserving water resources and improving soil and air quality. The aim is to rebuild ecosystems and to protect natural habitats and biodiversity through richer and stronger ecosystems, as well as bringing sustainable income and investments in social infrastructures to local economies.

Over 50% of global GDP depends on healthy ecosystems, yet biodiversity loss is threatening economic stability, warns the World Bank. Forests are vanishing at 5 million hectares a year, while rising temperatures make the 1.5°C target harder to reach and are driving unprecedented species loss, endangering food security, climate resilience, water access, and public health***. Ardian is contributing to address these challenges by developing high‑integrity, nature‑based carbon capture projects that also intend to restore biodiversity, benefit local communities, and support growing demand for credible net‑zero solutions. 

Ardian strives to address a shortage of projects in this area. Large buyers are prioritizing nature-based solutions projects to achieve net zero due to their potential to restore biodiversity and create benefits for local communities.

Ardian’s NBS team has built a robust pipeline across Latin America, Africa and Asia through the careful selection of developers. Key criteria for project selection include a strong track record, a local team equipped for stringent monitoring, and advanced offtake discussions. 

The NBS strategy forms a central part of Ardian’s broader decarbonization agenda. This track record includes financing 8.2GW of heat and renewable energy and its €2bn Hy24 hydrogen infrastructure fund. Ardian also provides capital solutions to companies committed to reducing their carbon footprint, with 11,000 portfolio companies committed to Science-based Target Initiative (SBTI) to support global net-zero target. 

“This first €100m round of commitments marks a milestone in Ardian’s journey to becoming a -leading player in nature restoration projects. On top of targeting the sequestration of 85 million tons of carbon, the fund aims to play a significant role in restoring ecosystems, protecting biodiversity, while benefiting local communities. We are very grateful to our anchor investors for their confidence in Ardian’s world-class Infrastructure and NBS investment expertise.” Laurent Fayollas, Member of the Executive Committee and Deputy Head of Infrastructure, Ardian

“This fund represents an important step forward in scaling nature-based solutions across emerging markets. We are helping to address climate change, protect biodiversity and improve the livelihoods of local communities. This investment reflects our commitment to mobilizing public and private capital for environmental protection and sustainable development.” Ambroise Fayolle, Vice President, EIB

“As part of Proparco’s Natural Capital strategy, we are proud to partner with Ardian, aDryada, and the EU CarbonSinks Programme to support long-term investments in high-quality afforestation, reforestation, and revegetation projects. These initiatives will remove carbon from the atmosphere while also delivering strong climate, biodiversity, and socio-economic benefits for local communities.” Jean-Baptiste Sabatié, Deputy Chief Executive Officer, Proparco

“Supporting nature-based solutions is central to climate mitigation and adaptation, a cornerstone of BII’s climate strategy. At COP30, we reaffirm our commitment to mobilising capital for high impact projects that restore ecosystems and build climate resilience in emerging markets because tackling the climate emergency requires both innovation and scale.” Leslie Maasdorp, Chief Executive Officer, British International Investment

With Ardian clients and institutional investors increasingly prioritizing their contributions to biodiversity protection, Ardian’s Nature-Based Solutions strategy offers opportunities to invest in projects intended to enhance biodiversity, restore large-scale depleted ecosystems and support local economies.
Important notice: This press release is provided for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities or interests in any fund. Investments in private equity involve risks, including the risk of partial or total loss of capital. Any investment decision should be made solely on the basis of the fund’s official offering documentation. The fund referenced herein is intended exclusively for professional investors within the meaning of Directive 2014/65/EU or equivalent investor categories under the laws of the relevant jurisdictions.

*Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector. The European Union sustainable-finance rules are still evolving. Hence, it cannot be excluded that future changes in law or guidance may not support the Fund’s current categorization under SFDR

**Indicative figures based on current pipeline of project. Post ramp-up phase and assuming 40 years project life.

***Damania, Richard; Ebadi, Ebad; Mayr, Kentaro; Russ, Jason; Zaveri, Esha. Reboot Development: The Economics of a Livable Planet. Washington, DC: World Bank, 2025.

ABOUT ARDIAN

Ardian is a world-leading private investment firm, managing or advising $192bn of assets on behalf of more than 1,860 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 20 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

Media contact

ARDIAN

HEADLAND

ardian@headlandconsultancy.com 

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Forbion closes oversubscribed BioEconomy Fund I at €200 Million Hard Cap

Forbion

The fund stands as one of Europe’s largest dedicated bioeconomy funds

  • Forbion BioEconomy Fund I reaches hard cap, following its first close in 2024.
  • The Fund’s planetary health mandate leverages Forbion’s extensive biotech know-how and expertise in human health.
  • Fund to date has invested in five portfolio companies across its four focus sectors: Food, Agriculture, Materials and Environmental Technologies.

 

Naarden, The Netherlands, 5 November 2025 — Forbion, a leading life sciences venture capital firm with deep roots in Europe, today announced that its Forbion BioEconomy Fund I has reached its hard cap of €200 million. Targeting investments at the nexus of biotechnology and planetary health, the fund stands as one of Europe’s largest dedicated bioeconomy funds, extending Forbion’s vision of supporting sustainable technologies that can contribute to the decarbonizing of multiple industries.

 

Launched in 2024 with an initial target of €150 million, Forbion BioEconomy Fund I attracted strong support from institutional investors across Europe and North America including KfW Capital, Novo Holdings, Rentenbank, Aurae Impact, ABN AMRO Bank and EIFO. The fund invests in biotechnologies and green chemistries that make industrial sustainability scalable. Its portfolio includes eeden, Genomines, SOLASTA Bio, Novameat, and PACT, all developing transformative solutions across the Fund’s four strategic priority sectors of Food, Agriculture, Materials and Environmental Technologies.

 

“We are seeing a clear evolution in how investors approach climate and industrial innovation,” said Alexander Hoffmann, General Partner at Forbion. “Biotechnology is moving beyond healthcare to tackle global challenges in food, materials, and resource efficiency. The strong demand for Forbion BioEconomy Fund I reflects growing confidence that science-led solutions can deliver both environmental and financial value.”

 

“Capital is shifting from software to science,” said Joy Faucher, General Partner at Forbion. “With strong backing from leading institutional and strategic limited partners, we are excited to build a portfolio that leverages the power of biology and chemistry to deliver much-needed, commercially viable sustainable solutions for the planet.”

 

The Forbion BioEconomy Fund I aims to build a portfolio of 12-14 investments across Europe and North America. It targets companies developing cost-effective and scalable biology-based business-to-business solutions that have demonstrated proof of concept, typically at Series A and B stages, and that can replace incumbent products at price parity or better. In addition to the potential positive impact of the Fund’s investments, the market for biotech-enabled alternatives represents a significant commercial opportunity estimated at several trillion euros in the next decade1.

 

Forbion BioEconomy Fund I portfolio companies are:

  • eeden – pioneering textile-to-textile recycling with green chemistry depolymerisation technologies.
  • Genomines – leveraging plant biotechnology to extract valuable metals for a sustainable and cost-competitive mining future.
  •  SOLASTA Bio – leveraging novel first of its kind peptides for a bio-safe, effective and targeted alternative to traditional pesticides.
  • Novameat – developing scalable and clean protein cuts, accelerating the transition to plant-based proteins.
  • PACT – using its biomaterial platform for cost-effective, high-performance collagen-based coating solutions, starting with textiles.

 

***ENDS***

 

About Forbion

Forbion is a leading global venture capital firm with deep roots in Europe and offices in Naarden, the Netherlands, Munich, Germany, and Boston, USA. Forbion invests in innovative biotech companies, managing approximately €5 billion across multiple fund strategies covering all stages of (bio)pharmaceutical drug development. In addition to its human health focus, Forbion also invests in planetary health solutions through its BioEconomy strategy. The firm’s team of over 30 investment professionals has a strong track record, with more than 130 investments across 11 funds, resulting in numerous approved therapies and successful exits. Forbion is a signatory to the UN Principles for Responsible Investment and operates a joint venture with BGV for seed and early-stage investments in the Benelux and Germany regions.

 

About Forbion BioEconomy Fund

The Forbion BioEconomy Fund is Forbion’s dedicated investment platform at the intersection of biotechnology and planetary health. The Forbion BioEconomy Fund focuses on innovative companies that leverage biotechnology to clean and feed the planet across four sectors: Food, Agriculture, Materials and Environmental Technologies. Under the leadership of General Partners Alexander Hoffmann and Joy Faucher, the Forbion BioEconomy Fund applies Forbion’s deep biotech expertise to technologies that combine measurable environmental impact with strong commercial potential.

 

1 Data from McKinsey report, The Bio Revolution: Innovations transforming economies, societies, and our lives, May 2022

Head of Marketing & Communications

info@forbion.com

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