« TietoEnator Buys Cymed For €5M For eHealth Biz | Main | Tech Ventures And Northzone's Six Lessons Learned »
October 01, 2006
Scottish Equity Partners With $300M In New Capital To Invest
We are going to have to update our table of recent Euro VC fundraisings, now that SEP (Scottish Equity Partners) has announced closing on its $300M SEP III fund. This is good news for semiconductor, software, healthcare, and advanced energy technology companies in the UK region.
You have to know that it is not easy to raise a VC fund in this part of the world, so when you see a fund raking in more than it expected, you know they are on to something good.
SEP issued a statement with quotes from its LPs, which is not a very common thing to do and shows its chops. We like the quote from F&C about the VC team's "dogged Scottish tenacity".
“SEP has come through the difficult years for venture capital very well. Its highly successful fundraising is evidence of real energy and dogged Scottish tenacity which has also been deployed equally effectively in its portfolio of investments.”
Hamish Mair, Director, Head of Private Equity Funds, F&C Asset Management Plc.
In other words, when SEP makes a commitment to a startup, they are like a bulldog and not likely to let go, or sell the company, at the first signs of adversity. Since your a:c euro reporter is Scottish by birth, it kind of rings a bell.
Read - Who's Got Money (a:c euro)
Posted on October 1, 2006 04:39 PM | Posted to Venture Capital | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/2148
