Claret Capital Partners announces second close of the CEGCF IV (“Fund IV”) at over €350 million to invest in tech and life sciences

  • Through Claret’s Fund IV, the team will continue to back innovative companies across Europe within the technology, life sciences, and climate tech sectors
  • 12 new investments have already been added to the Fund IV portfolio since March 2025  
  • The second close of Fund IV at over €350 million brings Claret’s total AUM to over $1 billion 
  • In addition to the €350+ million, Claret has also raised over €115 million in discretionary co-investment partnerships with Fund IV LPs

Claret Capital Partners (“Claret”), Europe’s largest independent growth debt fund manager, has announced the second close of its Fund IV, bringing total commitments to over €350 million and total assets under management to over $1 billion. This reinforces Claret’s position as a leader within the European growth lending sector, having deployed over €1.2 billion to more than 190 companies since inception.

The team continues to focus on innovative sectors, investing across technology, life sciences and climate tech. Since March 2025, the firm has already added 12 new companies to its Fund IV portfolio – including Fund RecsMindlerMontonioPRODASIDESValueBlue and Yseop – highlighting its robust sourcing capabilities and reflecting both the increased demand for growth debt and the emerging opportunities within Europe.

Fund IV has secured commitments from Banca March, a major Canadian pension fund, a well-established German foundation, British Business Bank, The European Investment Fund (EIF), ISIF, KfW Capital, and Wachstumsfonds Deutschland – one of the biggest VC fund of funds in Europe, launched on the platform of Universal Investment.

Substantial second close commitments have come from the innovative use of an ELTIF vehicle to bring in private wealth investors. IQ-EQ acts as AIFM to both the ELTIF and the institutional vehicles.

In addition to this second close, certain Fund IV LPs have also documented discretionary co-investment partnerships of over €115M to back the most ambitious companies. This is on top of the Fund IV commitments mentioned above and gives Claret additional firepower to support the biggest opportunities.

A final close is expected in 2026.

David Bateman, Managing Partner at Claret Capital Partners comments:

“We would like to extend our sincere thanks to the LPs for their continued trust in our investment strategy, and to the outstanding companies and co-investors who choose to partner with us – their collaboration is central to our mission and long-term success. It’s a privilege to partner with the founders and management teams who are driving growth and innovation across Europe.”

Johan Kampe, Managing Partner at Claret Capital Partners said:

“We are delighted with the second close having already surpassed the size of Fund III. With a strong and growing pipeline of high-quality opportunities, we’re seeing sustained demand for our capital from Europe’s leading entrepreneurs and top-tier equity investors. The team are actively deploying capital and always looking for great entrepreneurs to back.”

Riccardo Zorzetto, IQ-EQ Luxembourg’s Head of Client Relationship Management, added:

“We’re thrilled to support Claret Capital Partners in their latest fund launch. Our ongoing partnership with Claret underscores our commitment to providing top-tier fund administration services and supporting innovative investment strategies. We’ve been working hand in hand since 2020 and are proud to be part of this exciting new chapter in Claret’s growth journey.

Ignacio Montero, Head of the Co-investment Unit at Banca March said:

“We are delighted to renew our long-term strategic partnership with Claret through the launch of an ELTIF vehicle, structured exclusively for Banca March and its clients, to channel our investment into Claret Fund IV. In line with our co-investment model, this initiative will enable Banca March – the Spanish bank with the highest CET1 solvency ratio and a leading specialist in wealth management – to invite its clients to invest alongside them in fast-growing European companies within the technology, life sciences, and climate tech sectors. This initiative reflects Claret’s and Banca March’s strong belief in the value-creation potential of private investments, reinforcing the sustainability, resilience, and sovereignty of the European economy.”

 

The European Investment Fund (EIF) has confirmed a commitment to the CEGCF IV (“Fund IV”) under the InvestEU programme. This strategic investment will provide tailored financing primarily to European SMEs across the technology, life sciences and climate tech sectors.

Claret European Growth Capital Fund IV and Claret European Growth Capital Fund IV-A, SCA ELTIF-RAIF are Alternative Investment Funds under the management of IQEQ Fund Management (Luxembourg) S.A. This is a marketing communication. Please refer to the Information document of the AIFs before making any final investment decisions.

About Claret Capital Partners Limited

Claret Capital Partners is Europe’s largest independent growth debt fund manager. Since 2013, the Claret funds have backed over 190 SMEs in the technology, life sciences and climate tech sectors, from a wide range of geographies across Europe. The team have been active in the technology financing markets for over 25 years and provide innovative debt solutions to help entrepreneurs and private equity investors grow their companies while minimising dilution.

For more information visit www.claret-capital.com

Claret Capital Partners Limited (company registered number 12516001) is authorised and regulated by the Financial Conduct Authority (FRN 993228).