Aspire11 launches €500M fund with backing from pension firm Rentea to…

Team S · 2025-10-10T10:18:46.000Z

Aspire11, a Prague-based investment firm, has launched a €500 million inaugural fund to invest in venture capital funds and growth companies in Europe. The fund is backed by the Czech financial group The Partners Group and its pension firm Rentea, which currently acts as the sole limited partners. The strategy is to allocate about 25 % of the capital into other VC funds and 75 % directly into growth-stage companies (Series B to C), with check sizes up to €30 million. Aspire11 plans to deploy the capital over five years, with ambitions to raise to €2 billion in the future. Aspire11 was founded by Pavel Mucha (formerly founder of VC firm Kaya), who says the aim is to “awaken the sleeping capital” of pension funds. Alongside him, Tülin Tokatli joins as a partner, focused on fund investments; she previously worked at the European Investment Fund. Mucha hopes that by taking this step, other pension funds may begin to allocate more to venture capital, especially as regulatory shifts in Europe make such investing more feasible.

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Aspire11 launches €500M fund with backing from pension firm Rentea to… | Newnex