In a significant move for the European private equity landscape, Verdane has announced the successful closure of its latest growth fund, Verdane Freya XII, with an impressive €2 billion raised. This marks the firm's largest fund to date, contributing to a cumulative total of €9 billion in capital raised since its inception. The announcement was highlighted in a recent Bloomberg report, showcasing Verdane's robust fundraising capability.
The fundraising campaign saw around 80% of the capital commitments coming from existing investors, coupled with fresh allocations from a diverse group of public pension funds, university endowments, and global non-profit organizations. This strong investor appetite underscores confidence in Verdane’s investment strategy, particularly as the firm targets companies that are driving the digitalisation of the European economy.
Bjarne Kveim Lie, Verdane’s founder and managing partner, emphasized the high re-up rate across the firm's last six fundraises, reflecting the trust and satisfaction of their investor base. Verdane Freya XII is set to pursue both direct investments and investments in portfolio companies, strategically positioning itself to capitalize on the growing demand for digital solutions across various sectors.
The timeline for deploying the capital will unfold in the coming months as Verdane identifies suitable investment opportunities. The firm’s focus on digitalisation aligns with broader market trends, suggesting that this fund will not only enhance Verdane's portfolio but also contribute positively to the European economic landscape by fostering innovation and growth.
For shareholders and employees alike, the establishment of Verdane Freya XII is likely to signal potential job creation and economic stimulation in the tech sector. The broader market impact could be substantial, as the fund seeks to invest in companies at the forefront of digital transformation, aligning with global shifts toward technology-driven growth.
As with any major fundraise, Verdane will need to navigate potential regulatory considerations, including compliance with investment guidelines and any necessary approvals depending on the jurisdictions of its investments. However, the initial momentum and support from investors suggest a promising outlook as Verdane embarks on this new chapter with Verdane Freya XII.