Index Ventures, Ardian and Eclipse Ventures among those raising new funds this week
From our Women's PE Briefs - week commencing April 12, 2021
Index Ventures raises a seed fund that Achadjian will be involved in directing
Index Ventures raises a seed fund that Nina Achadjian will be involved in directing. Index said it raised $200 million for Index Origin. The San Francisco and London firm said the initiative brings together the focus and community of a dedicated seed fund with the resources, network and reach of a multi-stage global firm.
In a statement, Nina said, “Right now, as an early-stage founder, you’re making a trade-off between a multi-stage venture fund that invests in seed or a dedicated seed fund. Index Origin offers founders a platform that scales with them, from inception to IPO. By offering seed-specific resources and by encouraging collaboration and co-investment with seed funds and solo general partners, we want to set up founders for success from day one.”
Nina was promoted to partner last year. She joined Index in 2017 and has backed such companies as Shopmonkey, ServiceTitan and Double.
Index last year closed its fifth growth fund at $1.2 billion and its tenth early-stage venture fund at $800 million.
Fauconnier, Beitmann and Omar-Broca to be involved in deploying Ardian’s largest ever buyout fund
Ardian, whose founder and president is Dominique Senequier, raised its largest ever buyout fund – a fund that managing directors Lise Fauconnier, Béatrice Beitmann and Scarlett Omar-Broca are involved in deploying. The Paris-based firm closed the fund at 6.5 billion euros and also secured an additional 1 billion euros for co-investments. Ardian had gone out with a 6 billion euros target.
The firm already has deployed 50 percent of the fund, which is 60 percent larger than its predecessor. The buyout unit acquires mid- and large-cap companies in Europe and North America. It focuses on health care, the food value chain, technology and services.
Ardian’s buyout team consists of 52 investment professionals, including 17 managing directors. Scarlett joined the firm last year from Goldman Sachs’ Merchant Banking Division. The buyout team also includes senior investment manager Nadine Zariffa and investment managers Anais Robin and Julia Wu.
Ardian has a total of $110 billion in assets managed or advised. In addition to buyout, it also has expertise in fund of funds, infrastructure, real estate and private debt.
Hayward helps Eclipse Ventures raise a new $500M fund
Eclipse Ventures, whose fundraising efforts are managed by Angela Hayward, closes a new fund. The Palo Alto, Calif. venture firm raised $500 million for its fourth fund. Eclipse will continue to look to make early-stage investments in companies driving the digital transformation of essential industries. Sectors it is focused on include manufacturing, logistics and supply chain, transportation, construction, health care, energy and cyber-defense. Eclipse now has almost $2 billion under management.
Angela is an operating partner with Eclipse and is head of investor and portfolio relations. She joined Eclipse in 2015 from Formation 8. Her background also includes roles with the Stanford Entrepreneurship Network and Khosla Ventures.
The firm’s investment team includes associate AJ Kantor.