Target Partners closes fund

Munich-based venture capital firm Target Partners today announced the final closing of Target Partners Fund II at a size of € 113m. Among the investors are institutional clients including Bayerische Beamten Lebensversicherung, CAM Private Equity, Capital Dynamics, Etera Mutual Pension Insurance Company, Invesco Asset Management, LGT Capital Partners, Morgan Stanley Alternative Investment Partners, RWB AG and a number of family offices. “We are planning to invest the funds in about 20 technology companies in the areas of IT, Internet, media, semiconductors, telecommunications, alternative energies, cleantech, microtechnologies and nanotechnologies,“ says Berthold von Freyberg, partner with Target Partners. “As with our previous fund, we expect to mainly invest in Germany, Austria and Switzerland.“