Cipio Partners, a Munich, Germany and Luxembourg-based secondary direct and growth capital investment firm, closed its latest fund, with €174m in commitments.
Commitments to Cipio Partners Fund VII SICAR 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.
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. The firm will continue to invest in both single companies as well as in entire portfolios of assets.
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.
Exits include:
– Impinj (IPO on NASDAQ),
– BuyVIP (sold to Amazon),
– Cint (sold to Nordic Capital) and
– MyOptique (sold to Essilor).
The investment team of the firm includes Roland Dennert, Managing Partner, Werner Dreesbach, Managing Partner, Hans-Dieter Koch, Managing Partner, Diana Meyel, Managing Partner and Chief Financial Officer, Christoph Wedegaertner, Partner, Christoph N. Kossmann, Director of Luxembourg entities, and Carlo Schlesser, Director of Luxembourg entities.
FinSMEs
05/07/2017