AXA Venture Partners (AVP) is a VC firm that operates from many countries has invested in several high-growth tech companies. In a recent development, the VC firm has completed a €200 million first closing of AVP Diversified II. Notably, this is the second vintage of AVP Fund of Funds strategy. This investment has generated interest from both new and existing investors. The final closure of the fund targeted to be €250 million is believed to be made by the end of 2020.
AVP Diversified II focuses on global markets
Similar to the first vintage of AVP Fund of Funds strategy, the AVP Diversified II will also focus on key geographies in the US, Europe, Asiae and Israel along with a special focus on China. The fund may invest in funds established in emerging regions across the world. The team will be focused on investing in seed, early as well as growth-stage companies across key regions including Paris, London, San Francisco, New York, and Hong Kong. Also, it will invest in secondary opportunities as well.
With this fundraise, AVP confirms its position as a unique platform for investments in technology with $800 million of assets under management. This is possible through three pillars of expertise such as Early Stage, Growth Stage, and Fund of Funds that lets its to choose the most appropriate solution for tech investing.
VP becomes partner!
AVP Diversified II will be managed by a team with strong expertise led by Dominic Maier, which is now the Partner of AVP. This announcement was made alongside the launch of the second vintage of the AVP Fund of Funds strategy. He will be supported by the teams of the VC firm in Hong Kong, Paris, and London.
François Robinet, AVP Managing Partner, said: “This fundraise was completed quickly with existing and new investors; this is a strong vote of confidence for our team but also a strong endorsement of our strategy, in particular in the current uncertain environment. We have been able to access the best of the best investors in technology worldwide and at the same time to actively manage risk through diversification. We plan to hold a second closing in the coming months with additional new investors. I am also extremely happy with the promotion of Dominic as a Partner and I would like to thank him for his outstanding contribution. This fundraise strengthens AVP’s platform and its unique position in the market for tech investments”
Main image picture credits: AXA Venture Partners
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