GRO Capital announces close of GRO Fund III at €600m hard cap

We are delighted to announce the close of GRO Capital Fund III K/S (“Fund III”), a B2B software focused fund partnering with sector-leading companies across Northern Europe. This fund was established to continue the successful investment strategy pursued in prior GRO Capital funds with a focus on accelerating the growth of mature software companies within a geographical investment mandate covering the Nordic region, DACH and Benelux.

Acting as the exclusive global fundraising adviser, Asante Capital are thrilled to have worked with GRO Capital raising their third fund, which received strong support from existing investors and welcomed many new high-quality partners. Participating LPs include a mix of leading institutional and multi-lateral organisations from Europe and the US. With this close, GRO Capital now has in excess of €1.0 billion assets under management.

The close of Fund III follows a period of high activity for GRO Capital, which over the last 12 months has resulted in two successful exits (Trifork and Trackunit) and four new platform investments. In addition, significant resources have been employed in building out the operating and investment teams to ensure GRO Capital continues to be the preferred partner for high quality software businesses across Northern Europe.

GRO Capital is currently invested in 11 businesses across cyber security, manufacturing software, vertical software and other mission critical software applications. The current portfolio of investments delivered a strong aggregate recurring revenue growth of 30% during 2021.

Lars Dybkjær, Managing Partner of GRO Capital, said: “We are very excited to embark on the next phase of our development and we are grateful for the strong support from both existing and new investors. The outlook for the software industry and software investing is as exciting as it has ever been.”

We are delighted to have supported GRO Capital on this successful fundraise.

Read more here

Artá Capital races to first close with commitments of €305m on a target of €400m

We are pleased to announce that Artá Capital Partners (“Artá”), a leading Iberian private equity firm, has raised over three quarters of their €400m target at the first close of Artá Capital Fund III LP (“Fund III”).

Winner at Private Equity Wire Awards 2023

We are honoured to be named Best Placement Agent as part of Private Equity Wire’s European Awards 2023! Winners were selected based on performance data and industry voting.

Asante Capital Solutions – Q4 2022 Newsletter

Following a decade of robust and unprecedented growth in the Asia-Pacific private equity region, 2022 brought with it a combination of challenges, ranging from the lingering effects of the COVID pandemic, global economic downturn and general macro uncertainty, casting a dark cloud over the region’s private markets. The answer to what the market in 2023 will look like is multi-faceted: in this newsletter, we are putting a spotlight on the key trends we are seeing in the APAC region and assessing their impact on the fundraising landscape.