December 4, 2024 Fundraising News by peforum Apse Capital Closes €350 Million Continuation Fund Led by J.P. Morgan Asset Management – Apse Capital successfully closed a €350 million continuation fund. – The fund supports the acquisition of three assets from Apse Capital Bridge Fund. – Lead investor: J.P. Morgan Asset Management. – Attracted diverse secondary and primary investors. – Strong backing from existing Apse limited partners. – The new vehicle was created to acquire three portfolio companies: TerraQuest, Kallidus, and Ultima Business Solutions. – Aims to continue organic growth and fund strategic M&A activities. – The General Partner invested the entirety of carried interest proceeds from the transaction. – Demonstrates confidence in the portfolio’s growth potential. – A portion of commitments allocated for follow-on capital to support ongoing growth. – Tim Green, Managing Partner, expressed gratitude to existing and new investors, as well as leadership teams of TerraQuest, Kallidus, and Ultima. – Highlighted excitement for unlocking further value and growth in the next phase. – Piper Sandler private capital advisory group, Aviditi Advisors: Exclusive financial advisers to Apse Capital. – Legal counsel: Weil, Gotshal & Manges LLP for Apse Capital. DLA Piper for J.P. Morgan Asset Management. Ac
– The fund supports the acquisition of three assets from Apse Capital Bridge Fund.
– Lead investor: J.P. Morgan Asset Management.
– Attracted diverse secondary and primary investors.
– Strong backing from existing Apse limited partners.
– The new vehicle was created to acquire three portfolio companies: TerraQuest, Kallidus, and Ultima Business Solutions.
– Aims to continue organic growth and fund strategic M&A activities.
– The General Partner invested the entirety of carried interest proceeds from the transaction.
– Demonstrates confidence in the portfolio’s growth potential.
– A portion of commitments allocated for follow-on capital to support ongoing growth.
– Tim Green, Managing Partner, expressed gratitude to existing and new investors, as well as leadership teams of TerraQuest, Kallidus, and Ultima.
– Highlighted excitement for unlocking further value and growth in the next phase.
– Piper Sandler private capital advisory group, Aviditi Advisors: Exclusive financial advisers to Apse Capital.
– Legal counsel: Weil, Gotshal & Manges LLP for Apse Capital. DLA Piper for J.P. Morgan Asset Management.