Vitruvian raises $1.6bn for second fund

Vitruvian Partners has closed the fundraising of its second fund, Vitruvian Investment Partnership II, at its self imposed cap of 1 billion pounds ($1.6 billion). Vitruvian’s inaugural fund was closed in 2008. VIP II attracted substantial commitments from both existing and new investors which include many leading corporate and state pension funds, sovereign wealth funds, fund of funds, endowments and foundations. Investors originate from Europe, the US, the Middle East and Australasia.

PRESS RELEASE

Vitruvian Partners (“Vitruvian”) today announces that it has closed the fundraising of its second fund, Vitruvian Investment Partnership II (“VIP II”), at its self imposed cap of £1 billion ($1.6 billion; €1.2billion).

Vitruvian’s inaugural fund was closed in 2008 with commitments of €925 million. VIP II attracted substantial commitments from both existing and new investors which include many leading corporate and state pension funds, sovereign wealth funds, fund of funds, endowments and foundations. The investors originate from Europe, the US, the Middle East and Australasia.

The fund will allow Vitruvian to continue to invest in partnership with entrepreneurial management teams in ‘dynamic situations’ characterised by growth and change in industries such as business services, information technology, media, telecoms, financial services and healthcare. Through its offices in London, Munich and Stockholm, Vitruvian will target investments of £25 million to £125 million in companies with enterprise values of £40 million to £250 million.

Mike Risman, one of the Managing Partners and Founders of Vitruvian, commented:
“We would like to thank the entrepreneurs and management teams with whom we have partnered in our first fund and whose strong performance has made this fundraising possible. We would also like to express our gratitude to our investors for backing us at inception and their continued support.”

Ends

Vitruvian
College Hill
Paul Downes +44 (0) 20 7457 2020
Antonia Coad +44 (0) 20 7457 2023
Zinka Bozovic +44 (0) 20 7457 2821

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