| 04-30-2009 02:11 PM CET - Business, Economy, Finances, Banking & Insurance |
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Final Closing of Target Partners Fund II at € 113 Million
Press release from: Target Partners GmbH
PR Agency: Compass Communications GmbH
(openPR) - Munich, April 28, 2009. Munich-based venture capital firm Target Partners today announced the final closing of Target Partners Fund II at a size of € 113 million.
Notable Investors
Among the investors are institutional clients including Bayerische Beamten Lebensversicherung, CAM Private Equity, Capital Dynamics, Etera Mutual Pension Insurance Company, Invesco Asset Management, LGT Capital Partners, Morgan Stanley Alternative Investment Partners, RWB AG and a number of family offices.
Fresh Capital for Entrepreneurs
“We are planning to invest the funds in about 20 technology companies in the areas of IT, Internet, media, semiconductors, telecommunications, alternative energies, cleantech, microtechnologies and nanotechnologies,“ says Berthold von Freyberg, partner with Target Partners. “As with our previous fund, we expect to mainly invest in Germany, Austria and Switzerland.“
2009: A Good Time to Found and Invest in Companies
“In spite of the current economic crisis, this is the right time to found new companies and invest in startups,” adds von Freyberg. “When the crisis passes, those companies that have developed products that they can successfully sell into an expanding market will have a distinct competitive advantage. Thanks to our long-term investment strategy, we see the current economic situation as a huge opportunity for the future.”
About Target Partners:
With € 225 million under management, Target Partners is one of the leading early-stage venture capital funds in Germany. The firm invests in start-up and early stage companies and supports them during their build-out and expansion phases. With many years of experience as managers, entrepreneurs and venture capitalists, the team at Target Partners supports entrepreneurs in developing and marketing products and services, building organizations, raising money and taking companies public in Europe and the United States.
For more details: www.targetpartners.de
Press contact Target Partners:
Compass Communications GmbH
Agentur für Unternehmenskommunikation
Helena Horak
Hesseloher Str. 9
80802 München
Tel.: +49 (0) 89 189 508-80
Fax: +49 (0) 89 189 508-97
Mail: helena.horak@compass-communications.de
Notable Investors
Among the investors are institutional clients including Bayerische Beamten Lebensversicherung, CAM Private Equity, Capital Dynamics, Etera Mutual Pension Insurance Company, Invesco Asset Management, LGT Capital Partners, Morgan Stanley Alternative Investment Partners, RWB AG and a number of family offices.
Fresh Capital for Entrepreneurs
“We are planning to invest the funds in about 20 technology companies in the areas of IT, Internet, media, semiconductors, telecommunications, alternative energies, cleantech, microtechnologies and nanotechnologies,“ says Berthold von Freyberg, partner with Target Partners. “As with our previous fund, we expect to mainly invest in Germany, Austria and Switzerland.“
2009: A Good Time to Found and Invest in Companies
“In spite of the current economic crisis, this is the right time to found new companies and invest in startups,” adds von Freyberg. “When the crisis passes, those companies that have developed products that they can successfully sell into an expanding market will have a distinct competitive advantage. Thanks to our long-term investment strategy, we see the current economic situation as a huge opportunity for the future.”
About Target Partners:
With € 225 million under management, Target Partners is one of the leading early-stage venture capital funds in Germany. The firm invests in start-up and early stage companies and supports them during their build-out and expansion phases. With many years of experience as managers, entrepreneurs and venture capitalists, the team at Target Partners supports entrepreneurs in developing and marketing products and services, building organizations, raising money and taking companies public in Europe and the United States.
For more details: www.targetpartners.de
Press contact Target Partners:
Compass Communications GmbH
Agentur für Unternehmenskommunikation
Helena Horak
Hesseloher Str. 9
80802 München
Tel.: +49 (0) 89 189 508-80
Fax: +49 (0) 89 189 508-97
Mail: helena.horak@compass-communications.de
News-ID: 77805
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