Fondsenwerving

In 2017 Dutch private equity and venture capital firms have secured a total of almost € 4.4 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 glossary can also be found there, as well as the methodology underlying the research and the corresponding data files.



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FUNDRAISING BY FUND STAGE FOCUS

Dutch venture capitalists raised € 514 million in new funds in 2017. That is above the trend seen over previous years. 

Private equity funds raiesed € 3.9 billion, with some of the largest Dutch fundmanagers on the market in 2017.

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. 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). For a full list of definitions see the file under ''Accountability and Archive''.


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), VentureEU and other (regional) government schemes are designed to attract institutional investors to (European) venture capital. The continuing strong showing of venture capital fundraising  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. Many of these governmental funds of funds operate at the crossing 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 marked for buyouts came from institutional investors such as pension funds, funds of funds, and insurers.
 

GEOGRAPHIC ORIGIN OF FUNDRAISING

Most venture capital (52,8%) was raised domestically, with the rest mostly coming from the rest of Europe (43,9%).

Capital under management

A total of 176 Dutch private equity or venture capital firms managed € 22.9 billion of capital in 2017 in 366 funds. This is only the total of their committed funds, not the value of their portfolios. Funds of funds are not taken into account.



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NVP (Geassocieerde) leden

  • IBS Capital Allies
  • YESS International Consultants
  • PhiDelphi Corporate Finance
  • Jones Day
  • HB Capital
  • Van Reekum Participatie Fonds
  • Waterland Private Equity Investments B.V.
  • Cottonwood Technology Fund
  • LIOF
  • 3i Europe plc Benelux