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.