Elwin builds its fund

The investor announces its first closing at E105m.

Elwin Capital Partners (ECP) has announced the first closing of its eponymous first fund at E105m.

ECP said it expects to close the fund in the third quarter of this year, but would not say what the total fund size was expected to be.

The fund is aimed at early stage technology companies in Western Europe. ECP expects to invest a total of between $2.7m to $6.3m in about 15 portfolio companies.

International institutions contributed about 85 per cent of the fund and the remainder came from individuals.

Winston Ginsberg, Eli Muraidekh and Richard Thackray are the principals managing the fund.

ECP has so far invested $5.4 million in Office Tiger, a Holland-, India- and US-based provider of office support services.