GP Bullhound closes oversubscribed Fund V at €300m hard cap.
Initially targeting €200m, GP Bullhound extended the fund size due to strong demand from tech entrepreneurs, family offices and institutions in Europe and the US. Moreover, 90% of all Fund IV investors followed into Fund V.
Interest was further stimulated by the stellar performance of Fund IV. In only 2.5 years, it has more than doubled its value after all fees including four completed IPOs in Unity, Slack, Believe Digital, and Definitive Healthcare.
Fund V continues in a similar vein by investing in absolute category leaders in tech with investments in DuckDuckGo, Discord, Patreon, Vivino, Revolut and Klarna to name a few.
Per Roman, Co-founder and Head of Asset Management at GP Bullhound, commented: “We do everything we can to identify and invest in the world’s best software applications. It is a particular pleasure to have so many established and famous software entrepreneurs backing us with their capital in this never-ending mission.”
Joakim Dal and Ben Prade, Partners at GP Bullhound, added: “The unique access we have via our 10 offices and 150 people on the ground means our funds can choose from the most exciting stories in tech and offer compelling co-investment opportunities. The hard cap meant some investors missed out, but we will be back soon!”
Since inception in 2007, GP Bullhound’s late-stage venture strategy has delivered 38.8% net IRR.
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com