Our investment management team provided comprehensive advice on the Luxembourg legal, regulatory and tax aspects of the fund structuring, establishment and fundraising activities. Our team did also assist Volpi with the structuring and establishment of the associated carried interest and sponsor co-investment arrangements.
Fund III held its final close in July 2024, raising commitments of EUR 428 million in total, exceeding by 33% the capital raised by its predecessor fund.
Fund III will build on Volpi’s track record of partnering with founders and management teams across Europe to accelerate growth in B2B software and services businesses. Typically investing EUR 25-100 million of equity in companies with enterprise values between EUR 50 million and EUR 200 million, Volpi aims to drive transformative growth through ambitious investments in products, markets, technology and team.
Fund III has already invested in three businesses: Xalient, Cyclomedia, and Yaveon, all demonstrating excellent performance, and signaling strong outsized return potential for investors.
Our support to Volpi continues, as our team is assisting the Fund III in its acquisitions of stakes in, and follow-on investments in portfolio companies, providing ongoing advice on all applicable aspects of corporate and tax law in Luxembourg.