Measured in terms of economic power, the market for venture capital in Germany and Europe is significantly smaller than in the USA or Great Britain.
(Photo: imago images/MASKOT)
Dusseldorf Brightpoint Capital wants to take the venture capital business in Germany to a new level. To this end, the experts for start-up financing, known only to insiders, are planning to set up the largest privately managed fund of funds in Europe. The Handelsblatt found out exclusively. “We want to advance the growth story of venture capital in Europe,” confirms fund initiator Maren Eckloff-Böhme.
The “Tech Venture Growth Fund” should collect at least half a billion euros. Informed circles even assume up to a billion. This is made possible by opening up for wealthy private investors who want to invest at least 200,000 euros in a broad portfolio of start-ups. The exclusive sales partner Deutsche Bank already offers the financial product.
Funds of funds invest their money in smaller funds. In this case, the money should flow to five well-known venture capital companies, most of which come from Germany. These emerge from the sales documents: Lakestar, Earlybird, HV Capital, Headline and Project A. Their fund managers did not want to comment when asked by the Handelsblatt.
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