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European Venture Partners close EVP II

25/10/2004Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityEVP II's capital raising has been led by Deutsche Bank's Structured Product team and includes a commitment from the European Investment Fund.

European Venture Partners, a provider of venture debt, has announced the closing of EVP II, its €105 million venture leasing investment vehicle for Europe.

EVP was established in 1998 to offer early stage debt to Venture Capital-backed European companies.

"Deutsche Bank and the European Investment Fund are both first class partners that will help EVP expand its already leading franchise position in Europe," said the management team at EVP. "This partnership establishes a powerful platform for our aggressive plans to support Europe's leading Venture Capital funds with debt facilities for Venture Capital backed, early stage companies into the future."

"Closing EVP II is a strong endorsement of this team and their unique approach to the Venture Capital market" said Jeffrey D'Souza, Managing Director of Deutsche Bank's Structured Product team. "We are excited to be a part of what promises to be a bright future for EVP as they expand the penetration of Venture Leasing throughout Europe"

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