UK – AlpInvest, the private equity firm sponsored by the two largest Dutch pension funds ABP and PGGM, has increased its investment in technology start-up fund Eden One.
The final close of the £50m (€73m) early stage technology private equity fund has been announced by Eden Ventures, with new investors such as Merifin Capital, Consensus Business Group, Hansa Capital and high net worth individuals.
The close comes with “increased commitments” from original investors AlpInvest, Capvent/RWB and Invesco, although the size of the investments was not disclosed.
Bath-based Eden Ventures focuses on UK and Ireland software opportunities.
Eden chairman David Embleton said: "We are delighted to have such a body of quality investors. Their confidence in our team and methodology helps further validate the quality of the Eden proposition."
In December the two schemes awarded AlpInvest, formerly known as NIB Capital Private Equity, a further €11bn three-year mandate - one of the largest mandates ever granted in the international private equity markets.