November 1, 2021, 9:00 a.m.
eQ Asset Management (“eQ”) holds a 1st close at $ 36 million for its very first venture capital fund, eQ VC. The fund has a target size of $ 50-100 million and the next close will be in early 2022.
eQ VC will invest in early and late stage venture capital funds by taking stakes in at least 200 tech start-ups, primarily in the United States of America. The portfolio will include around ten primary portfolio funds. In addition, eQ VC also targets secondary transactions and co-investments. The fund’s investment advisor responsible for fund selection and allocation security is TrueBridge Capital Partners.
TrueBridge is a leading venture capital firm with a superior track record and $ 4.5 billion in assets under management focused exclusively on venture capital. TrueBridge is part of the same group as RCP Advisors, with whom eQ has enjoyed a strong strategic relationship since 2015 focusing on private equity in the lower middle market in the United States.
Staffan Jåfs, Head of Private Equity, comments:
“The dispersion of returns in the venture capital market is very wide and the best start-up founders seek funding from fund managers with a track record of supporting and rapidly scaling up start-ups. the most efficient in history. Therefore, the selection of managers is critical in this asset class and a prerequisite for generating disproportionate returns for investors. TrueBridge has 25 years of investment experience and long-standing investment relationships with some of the world’s largest venture capital firms. This gives our clients access to the best venture capital funds that invest in the successes of tomorrow. Throughout history, we’ve seen innovative start-ups disrupt and reshape established markets from semiconductors and personal computers over 50 years ago to social media and platform technology more recently. .
“With eQ VC, we further apply our successful and proven partnership model that we have used with our partner RCP in US private equity: selection of managers and access to elite funds through a combined local expert. eQ’s strong fund administration and customer service capabilities. Our goal is to build a long term partnership with TrueBridge and to market a new eQ VC fund every two years.
Growth in the technology sector is expected to continue as other sectors increasingly use technology to drive performance. Investor appetite for private equity continues to grow and thanks to eQ VC our clients can now invest in one of the most attractive venture capital markets in the world.
eQ VC is only open to professional customers.
Helsinki November 1, 2021
eQ Asset Management Ltd
More information :
eQ Group is a Finnish group of companies specializing in asset management and corporate finance. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and individuals. Assets managed by the Group amount to approximately 11.0 billion euros. Advium Corporate Finance, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets.
Further information on the Group is available on our website www.eQ.fi.