Fondsenwerving

In 2016 Dutch private equity and venture capital firms have secured a total of almost € 2.4 billion in new funding.

This total comprises funds intended for investment in young and fast-growing enterprises (venture capital) as well as funds intended for investment in mature companies (private equity). Because of this diversity, it is more informative to examine various fundraising areas.

All figures shown are fundraising numbers by Dutch private equity and venture captial firms. Further information from 1989 onwards can be found in the archive. The list of questions and glossary can also be found there, as well as the methodology underlying the research and the corresponding data files.



Go directly to:Fund Stage Focus ▻ Origin ▻ Capital under management


FUNDRAISING BY FUND STAGE FOCUS

Dutch venture capitalists raised € 725 million in new funds in 2016. That is a significant increase compared with previous years. Private equity funds brought in € 2.4 billion, which is remarkable since not many of the large funds were fundraising.

The difference between later-stage venture financing and growth financing is that, in the case of later-stage venture financing, there is not yet any fully developed business model or product, but investments are made to bring this into development (start-ups). In the case of growth financing, there is a fully developed business model and product, and investments are made, for example, for scaling up purposes (scale-ups).


FUNDRAISING BY INVESTOR TYPE

Fundraising for venture capital is relatively strongly dependent on the government (regional, national, foreign, and European). The Dutch Venture Initiative (DVI) and other (regional) government schemes are designed to attract institutional investors to (European) venture capital. The strong showing of venture capital fundraising from corporates and others in 2016 seems to imply that this policy is bearing fruit 

Funds of funds are generally commercial umbrella funds, not the funds of funds that are (indirectly) managed by (regional) governments. Those are generally labelled as "government" funds. Incidentally many of these governmental funds of funds operate at the dividing line between later-stage venture capital and growth capital. For an analysis of the impact of these funds, it is advisable to combine both graphs.

In contrast to venture capital, most fundraising share marked for buyouts came from institutional investors such as pension funds, funds of funds, and insurers. About 10% came from family offices. Because of the size of the fund, long history and higher yields on average, institutional investors are very interested in this category of private equity as an investment.

Capital under management

A total of 176 Dutch private equity or venture capital firms managed € 20,9 billion of capital in 2016 in 343 funds. This is only the total of their committed funds, not the value of their portfolios. For funds of funds we only considered their direct (co-)investments.
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NVP (Geassocieerde) leden

  • NIBC Mezzanine & Equity Partners
  • Strong Root Capital
  • De Brauw Blackstone Westbroek
  • SET Ventures
  • KPMG Transaction Services
  • Van Reekum Participatie Fonds
  • Vondel Finance B.V.
  • Baker & McKenzie Amsterdam N.V.
  • Langham Hall Netherlands B.V.
  • Renoir Capital Partners