Private equity fund manager Capital D announced this week that it has closed its Fund 2 with total commitments of €156 million, inclusive of the General Partner’s commitment.
This closing means that Capital D’s total capital raised from Limited Partners or syndicated to co-investors is now circa €300 million.
Capital D invests across the intersection of mega, technological and behavioural trends across multiple sectors to partner with the most innovative, fast-moving companies that are disrupting their respective industries.
Fund 2 has made two investments: Electrify Video Partners, a leading platform in the emerging world of YouTube channel consolidation, and Phrasee, a generative AI platform delivering marketing content at scale to global brands.
Capital D investments include the successful exits of Invincible Brands to Henkel and Qmee to Kantar.
Jean-Marc Jabre, Partner and co-founder of Capital D, said:
“We are very pleased to have successfully closed our second fund, despite what many see as challenging market conditions. The significant increase in size relative to our inaugural fund reflects our new and existing investors’ conviction in our ability to deliver superior returns and our success in the disruptive end of the mid-market.
Our investment strategy remains focused on backing the winners of the disruption economy, which we remain well positioned to capitalise on.”
The company has also opened its first office in Luxembourg.
Capital D’s Limited Partners comprise supranational investors, funds of funds, corporate and pension funds, endowments, and family offices in Europe and the Middle East.
Lead image: Luke Davies.