Vitruvian Partners Achieves Record Fundraising with €7.3 Billion

– Vitruvian Partners has raised its largest fund, Vitruvian Investment Partnership V, closing at €7.3 billion, surpassing its target of €6.5 billion.

– The final close was announced by managing partner Michael Risman emphasizing a focus on higher growth buyouts and strong management teams for international expansion.

– The fund attracted commitments from over 200 institutions globally, predominantly from the Americas and Europe, increasing the firm’s total assets under management to €20 billion.

– VIP V is currently 25% invested, with seven commitments made since its launch in September 2022, targeting high growth, mid-market companies.

– The previous fund, Vitruvian Investment Partnership IV, closed at €4 billion in 2020 and achieved a total value to paid-in ratio of 1.17x, delivering a 10.4% internal rate of return as of December 31, according to available data.

– Each VIP fund has exceeded its fundraising targets.

– Vitruvian has established a reputation in the technology sector, investing in notable companies such as Just Eat and EasyPark Group.

– The firm focuses on buyout and growth investments ranging from €25 million to €350 million in European mid-market companies.

– Vitruvian employs a unique carried interest structure known as “the Vitruvian Blend,” which combines elements of US and European waterfall structures with a negotiable final component, allowing quicker carry accumulation for junior members.

– The firm has offices in various cities, including Stockholm, Munich, Luxembourg, Madrid, Miami, Mumbai, San Francisco, Singapore, and Shanghai.