Fundraising

Despite reports that say the late-stage and growth segments of the venture industry face a tough road ahead, M33 Growth found strong demand for its third fund, which beat its target.

Sherrese Clarke Soares formed HarbourView in 2021 with aspirations to grow the firm into a $20bn asset manager by 2026.

The new vehicle comes almost two years after the closing of Fund X at $10.2bn, above an original target of $8bn.

The €1bn fund is 43% bigger than its predecessor and will continue the firm's strategy of backing European growth-stage software and consumer internet companies.

Eaton Partners was placement agent to SIP IV.

Waterland closed its ninth flagship fund Waterland Private Equity IX at 3.5 billion euros while Waterland Partnership Fund I collected 500 million euros.

B Capital Group invests in the enterprise, financial technology and healthcare sectors.

EQT has become the latest alternatives giant to court the private wealth channel with a suite of semi-liquid products.

The firm's experience with GSP 4.0, raised in six months, differs sharply from that of many GPs who are today compelled to keep their funds open longer due to cash-poor or overallocated LPs.

First-time funds are always challenging to raise, but especially so in the dislocated markets that compel LPs to stick with their long-trusted relationships and give little attention to newcomers.