Kreos Capital has concluded the final close of its seventh fund, Kreos Capital VII, surpassing its €1.2 billion fundraising target with a closing amount of €1.25 billion.
This fund, which is 40% larger than its predecessor, is the most significant fund dedicated to venture & growth lending in the Emea region.
Following its acquisition by BlackRock, Inc., Kreos Capital is now part of the BlackRock Venture and growth lending team, with over €5.5 billion invested in more than 760 transactions to date.
Kreos Capital VII has attracted commitments from over 30 institutional investors, including banks, sovereign wealth funds, public and private pension funds, insurance companies, fund of funds, foundations and family offices across 13 countries globally.
The fund will continue Kreos’ investment strategy of providing loans to high-growth companies across the Emea region, with a focus on the technology and healthcare sectors.
Investments will range from €2 million to €100 million, targeting companies at every stage of their growth life cycle.
As of now, Kreos VII has completed 57 transactions in the Emea region, committing a total of €1.1 billion. The fund aims for total portfolio commitments of €2.4 billion to €2.5 billion across 90 to 100 companies.
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