News – Venture Capital & Private Equity practice
31 March 2015
A recent article in De Tijd states that start-ups and growth companies are again the “talk of the town” in the investment community. The amounts recently raised by venture capital funds are simply unprecedented in Flanders. The past six months approximately EUR 200 million was raised by venture capital funds focused on start-ups and growth companies.
Cresco is proud to announce that it has played a leading role in the formation and fundraising of nearly all funds mentioned in the article and thus is at the pinnacle of the current venture capital fund formation scene.
As law firm of choice for fund management professionals on the structuring, formation and fundraising of venture capital funds, Cresco has acted as lead counsel in the structuring, formation and fundraising of i.a., SmartFin Capital, Volta Ventures, Capital-E II and Hummingbird Opportunity Fund. These funds have raised approximately EUR 180 million in venture capital funding during the past six months, representing 90% of amounts raised by venture capital funds during such period.
Capital has been raised with sophisticated institutional investors (such as the European Investment Fund, ARKimedes-II, FPIM, ING Bank, BNP Paribas Fortis) and high net-worth individuals.
Representing general partners and investors in venture capital and private equity investment funds is one of the cornerstones of our practice. Our lawyers cover the entire range of venture capital and private equity matters including:
• fund formation and capital raisings through private placements
• daily management and (regulatory) compliance
• investment activities
• exits of portfolio companies
Our active immersion in the venture space brings a depth of experience in the lifecycle of emerging companies and venture capital funds which is quite unique amongst Belgian law firms.
David Dessers, Pieter Capiau, Yannick Verrycke, Wim Van Berendoncks and Lukas Decoster were involved in these fund formations and fund raisings.