Vitruvian closes €2.4 billion for third fund - Vitruvian Investment Partnership III

Vitruvian Partners, a London-UK-based private equity fund, announced the closing of its third fund, Vitruvian Investment Partnership III (“VIP III”), at the hard cap of €2.4 billion.

VIP III, which will be among the largest pools of capital in Europe supporting higher growth companies, was significantly oversubscribed, receiving support from both existing and new investors, specificall 100+ leading institutions globally.

Approximately 50% of the fund was raised from the US and 50% from Europe, Asia and the Middle East. Like its two predecessor funds, VIP III was strongly supported by US endowments and foundations.

Vitruvian invests in growing companies aiming to scale their operations using a combination of its multi- disciplinary operational support system and its proactive assistance with strategic initiatives, including acquisitions.

Vitruvian, led by founder and managig partner Mike Risman, has recently established a market presence in France and an office in San Francisco to add to its existing locations in London, Munich, the Benelux region and Stockholm.