Wellington Partners IV Technology closes on €265m

Investors in WP IV Tech include existing investors Access Capital Partners, AGF Private Equity, AlpInvest Partners, European Investment Fund, Horizon21, König & Cie., The Wellcome Trust, von Braun & Schreiber and WEGA; and new investors GIC Special Investments, Pantheon Ventures and Skandia Liv Asset Management.

The fund focuses on investments in European technology companies, and, according to the firm, approximately ten per cent of the fund has already been committed.

WP IV Tech has invested in French-based travel services provider TravelHorizon, German-based solar cell specialist Heliatek and Swiss-founded chip developer Innovative Silicon.

The new fund is expected to invest in approximately 25 technology companies throughout Europe operating in the fields of digital media and online services, software and electronics.

The firm's previous fund, Wellington Partners III Technology, held its final closing on €150m in 2005. Wellington Partners II Technology closed on €210m in 2000, and Wellington Partners I Technology on €55m in 1998.

In parallel with the final closing of WP IV Tech, Wellington Partners has announced its new London office, under the management of general partners Eric Archambeau and Frank Böhnke.

Archambeau said, 'The new office in London will help us become even more accessible to entrepreneurs across Europe.'

Wellington Partners started out in 1991 with an office in Munich. The firm opened its Zurich office in 2005.

Wellington Partners now has €800m under management.

The firm's investments have included Actelion, Adconion, Alando, Astaro, ImmobilienScout24, Questico, SAF, Truphone and XING.

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