Resurge Growth Partners Launches €120 Million Venture Equity Fund

Team S · 2024-10-24T07:40:07.000Z

Resurge Growth Partners, based in London, has introduced a pioneering venture equity fund aimed at addressing the gap between venture capital (VC) and private equity (PE) for European and Israeli scaleups. This new model targets "Venture Graduates"—companies that have outgrown VC but are not yet ready for traditional PE. The fund will acquire significant stakes in these promising companies, providing them with the capital and operational expertise needed to transition towards sustainable growth. Investment Details - Fund Size: €120 million to be invested over the next three years. - Capital Commitment: Nearly half of the fund is already committed by the founding General Partners (GPs) and a leading family office. The remaining funds will come from select family offices and high-net-worth individuals on a deal-specific basis. Team: - Oren Peleg: Co-founder, former Managing Director of Oaktree Capital Management, and former CEO of Fitness First. - Eyal Malinger: Co-founder, former Partner at Beringea, and former Vice President at Oaktree Capital. Investor Names - The fund's initial capital commitments come from its founding GPs and a leading family office, with additional backing from other family offices and high-net-worth individuals. Strategic Focus Resurge aims to invest in tech and tech-enabled businesses with established product-market fits. These companies typically generate around €8 million in revenue. The strategy includes buyouts, recapitalizations, or strategic partnerships to help these businesses achieve profitability and self-sustainability. The approach is sector-agnostic but focuses on unlocking value from companies with strong fundamentals but misaligned investor bases. Resurge utilizes advanced AI tools to enhance productivity and decision-making processes, allowing for more efficient identification of investment opportunities and value creation within portfolio companies. This AI-led approach is a key component of Resurge's strategy to support its portfolio companies effectively.

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Resurge Growth Partners Launches €120 Million Venture Equity Fund | Newnex