VT Partners and Paladin Capital Group, a pair of specialised technology fund managers, have teamed up to source and execute early stage investments, the firms told Private Equity International.
Though the firms remain independent and will continue to invest their own capital, their Europe teams have already moved into the same offices and will look to share resources, knowledge and contacts, VT Partners co-founder Nazo Moosa told PEI.
London-based VT Partners was founded last year by Moosa, a 12-year Carlyle veteran who worked on all three of the firm’s European Technology funds, and Natalie Tydeman, who spent eight years at Europe-focused technology and telecoms investor GMT Communications Partners.
The firm is a growth capital investor, writing tickets of $15 million-plus in companies working on data intelligence, cybersecurity and the digitisation of critical industries. It will not raise closed-ended funds, Moosa said, but make direct and co-investments alongside limited partners.
Washington, DC-based Paladin Capital Group is a venture capital firm with more than $1 billion in assets under management across five funds, the first of which launched in 2000. The firm focuses on early stage companies which “address homeland security issues and needs”.
Paladin has made 10 investments from its most recent vehicle, the 2015-vintage €300 million Paladin Cyber Security Fund. Through the partnership, the firm will look to plug a gap in the late-stage-A part of the European venture capital market, where there are still discrepancies in valuations, Moosa said.