Volpi Capital closes Fund III at €428m
Volpi Capital LLP (“Volpi”), a specialist technology investor in the European lower mid-market, holds its final close of Volpi Capital Investments III at €428 million.
We are pleased to announce that Volpi Capital LLP, a specialist technology investor in the European lower mid-market, has held a final close of Volpi Capital Investments III at €428 million. The Fund attracted significant support from institutional investors, with representation across Europe and North America, raising over €200 million of new capital from 13 new investors.
Fund III the substantial increase in the Fund size byis c.33% larger than its predecessor. This growth is testament to investor confidence in the Firm’s performance, development and build-out of the Volpi team, and Volpi’s well-honed investment model – characterised by while maintaining commitment to a thematic sourcing within well-defined clusters, and providing strong support to ambitious founders and managers.and disciplined deployment approach
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 €25-100 million of equity in companies with enterprise values between €50 million and €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 signalling strong outsized return potential for investors.
The close of Fund III follows the full realisation of Fund I last year, which was a top-performing Fund for its vintage, achieving gross returns of 3.6x within eight years.
Rede Partners is proud to have supported Volpi Capital on this successful fundraise, having previously advised Volpi on all fundraisings since inception in 2015 as well as the successful Conti transaction, a €250 million continuation vehicle equity raise closed in 2023.