UK growth investor One Peak caps oversubscribed fund III at $1bn

LPs in the new fund include university endowments, foundations, public pensions plans, insurance companies, asset managers, fund of funds and family offices.

One Peak, a growth investor targeting B2B software companies in Europe and Israel, has closed its oversubscribed third fund at its hard cap of $1 billion.

One Peak Growth III’s limited partners include university endowments, foundations, public pensions plans, insurance companies, asset managers, fund of funds and family offices.

“Growth equity is a significantly underrepresented asset class in Europe versus the US and China,” founding partner Humbert de Liedekerke Beaufort said in a statement. “There are many world-class founders in Europe who need capital and support to win at global scale, and One Peak fills that gap for the best B2B software companies.”

He added that the size of investments from Fund III will range from $15 million to $100 million, and One Peak will “continue to partner with the most ambitious founders and support them with our sector expertise, global network, and value creation platform to build enduring companies against the backdrop of today’s macroeconomic headwinds.”

The London-based firm, founded in 2013, now has $2 billion in assets under management. Its portfolio includes software companies Cymulate, Deepki, DocPlanner, PandaDoc, Neo4j and Spryker Systems.

Proskauer Rose LLP and Van Campen Liem served as fund counsel to One Peak Growth III.