{"id":80052,"date":"2022-02-22T16:51:00","date_gmt":"2022-02-22T15:51:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=80052"},"modified":"2022-02-22T14:14:34","modified_gmt":"2022-02-22T13:14:34","slug":"hv-capital-launches-first-german-continuation-fund","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/80052\/hv-capital-launches-first-german-continuation-fund\/","title":{"rendered":"HV Capital launches first German Continuation Fund"},"content":{"rendered":"<div class=\"entry-content\">\n<p>With the HV COCO Growth Continuation Fund, HV Capital is partially repositioning itself. IPOs are no longer the only source of capital for growth investments in the hundreds of million range, such as the financing rounds of <a href=\"\/en\/73566\/celonis-becomes-a-decacorn\/\">Celonis<\/a>, <a href=\"\/en\/76530\/personio-receives-another-233-million-euros\/\">Personio<\/a> or <a href=\"\/en\/73646\/more-than-530-million-euros-for-flixmobility\/\">Flixmobility<\/a> last year. This underscores the relevance of long-term partnerships as investment horizons are extended.<\/p>\n\n\n\n<p>For venture capitalists, this represents a much-needed structural change in the VC landscape: Limited Partners (LPs) invest in a fund with the expectation of achieving an attractive return in approximately ten years. With the new fund, HV Capital aims to demonstrate that the VC is capable of delivering these targeted returns to its LPs within this timeframe. Additionally, the VC has seized the opportunity to leverage the value potential of a further growth phase together with new investors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">HV Capital enters new territory<\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;With the initiation of the first continuation fund in the German VC scene, HV Capital is breaking new ground in the industry. With HV COCO Growth, we are transferring many strong investments such as Flixmobility, Global Savings Group, and Sumup from existing funds into a new structure. This gives us more flexibility to support our portfolio companies over the long term,&quot;<\/p><\/blockquote>\n\n\n\n<p>explained <strong>Martin Weber<\/strong>, General Partner at HV Capital.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;The market already sees HV Capital as a long-term partner for startups in all growth phases. Our experienced growth team has a strong track record of six investments through HV VIII in growth-stage technology companies. In addition, we have launched four co-investment vehicles, providing direct investment opportunities for our investors. Therefore, this continuation fund is the logical evolution of our market positioning,&quot;<\/p><\/blockquote>\n\n\n\n<p>leads <strong>David Kuczek<\/strong>, General Partner at HV Capital.<\/p>\n\n\n\n<p>The anchor investor in the new fund is Harbourvest. Other investors include LGT Capital Partners, Pathway Capital, Holtzbrink Publishing Group, and several unnamed family offices and financial institutions. Pathway and Holtzbrink had previously invested in other HV Capital funds. The investment team itself is also contributing more than 10 percent.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>With a new fund with a volume of \u20ac430 million, HV Capital (formerly HV Holtzbrinck Ventures) intends to continue supporting its portfolio companies from existing funds. All existing investments from the three funds HV IV, HV V, and HV Coinvestment Fund from 2010 to 2015 will be transferred to the new fund.<\/p>","protected":false},"author":33,"featured_media":66244,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[4101,1097],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HV Capital launcht ersten deutschen Continuation Fund - Munich Startup<\/title>\n<meta name=\"description\" content=\"Mit einem neuen Fonds \u00fcber 430 Millionen Euro will HV Capital seine Portfoliounternehmen aus bestehenden Fonds in Zukunft weiter unterst\u00fctzen.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/80052\/hv-capital-launches-first-german-continuation-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HV Capital launcht ersten deutschen Continuation Fund - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Mit einem neuen Fonds \u00fcber 430 Millionen Euro will HV Capital seine Portfoliounternehmen aus bestehenden Fonds in Zukunft weiter unterst\u00fctzen.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/80052\/hv-capital-launches-first-german-continuation-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-22T15:51:00+00:00\" \/>\n<meta name=\"author\" content=\"Maximilian Feigl\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maximilian Feigl\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/80052\/hv-capital-launcht-ersten-deutschen-continuation-fund\/\",\"url\":\"https:\/\/cms.munich-startup.net\/80052\/hv-capital-launcht-ersten-deutschen-continuation-fund\/\",\"name\":\"HV Capital launcht ersten deutschen Continuation Fund - 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