Cipio Partners said July 3 that its latest fund has closed with 174 million euros ($198 million) in commitments. The largest institutional investors of Cipio Partners Fund VII SICAR include the European Investment Fund, UBS Asset Management and Austria’s Capital Bank – GRAWE Gruppe AG. Cipio, of Munich/Luxembourg, is a European secondary direct and growth capital investment firm.
Munich/Luxembourg, 3 July 2017 – Cipio Partners, a leading European secondary direct and growth capital investment firm, has closed its latest fund Cipio Partners Fund VII SICAR with €174 million in commitments. The successful fundraise is a step up from the firm’s previous fund generation which closed at €137 million.
Commitments came from a combination of institutional and family office investors across Europe and the US. Largest institutional investors include the European Investment Fund, UBS Asset Management and Austria’s Capital Bank – GRAWE Gruppe AG.
Diana Meyel, Managing Partner, commented: “The increased fund size and strong backing by leading institutional investors marks a major milestone for Cipio. It will allow us to take bigger stakes in more mature companies and capitalize on a growing deal flow in our market in Europe.” Cipio Partners Fund VII has already completed three investments in European growth companies since its first close. The fund’s first three portfolio companies are UK/German cloud communication and A2P messaging firm tyntec Group Ltd., Irish telco software and services business Openet Telecom Ltd. and Danish social media management software company Falcon.io ApS. Cipio will deploy its Fund VII following a combined secondary direct / growth strategy. The fund will buy significant stakes from existing investors in expansion-stage technology companies throughout Europe and support their continued growth with additional primary capital. Cipio will continue to invest in both single companies as well as in entire portfolios of assets. Representative exits from Cipio Partners Fund VI include Impinj (IPO on NASDAQ), BuyVIP (sold to Amazon), Cint (sold to Nordic Capital) and MyOptique (sold to Essilor). – 2 – About Cipio Partners Cipio Partners is a leading investment management and advisory firm in the secondary direct market. Founded in 2003, Cipio Partners manages an international portfolio of growth stage technology investments from offices in Luxembourg and Munich. Further information is available at http://www.cipiopartners.com