Investcorp announced the final closing of Investcorp Technology Partners IV at $400 million. The fund exceeded its target and received commitments from many limited partners including Nationwide Pension Fund, Unigestion, Harry-Anna Investment Fund and HarbourVest.
ITP Fund IV will invest in European technology companies within the Internet/Mobility, Data and Analytics, Fintech/Payments and IT Security sectors. The fund has already invested in four lower mid-market companies: Impero, softgarden, Ageras and Calligo.
The firm is committed to providing capital to rapidly growing companies headquartered in Europe. It has raised a total of $1.5 billion since 2001.