Development opportunity
Target Partners of Munich has closed its second fund at €113 million, with commitments from institutional investors 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.
“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” , said Berthold von Freyberg, partner with Target Partners. “As with our previous fund, we expect to mainly invest in Germany, Austria and Switzerland.”
Von Freyberg said that in spite of the current economic crisis, this is the right time to found new companies and invest in startups. “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.”
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.
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