P+P advises Acton Capital on launch and fundraising for new growth funds

December 2019

Recently, Munich venture capital manager Acton Capital successfully held the final closing of the new growth fund Acton Fund V with a volume of EUR 193 million (hard cap). Since 1999, this is the fifth fund with a focus on digital business models in Germany (50%), Europe (25%) and North America (25%).

Acton Fund V is organized as a German GmbH & Co. KG and is subject to the EuVECA regulations. The fund primarily invests in companies in the growth phase. The Acton Fund V portfolio already includes multiple startups, e.g., Berlin-based companies expertlead (Platform/Future of Work) and LemonOne (Platform/B2B).

The investor base consists of institutional and private investors, including e.g. European Investment Fonds (EIF), KfW banking group, Hubert Burda Media, renowned family offices in Germany and Europe, entrepreneurial private investors and entrepreneurs from the portfolios of the last two decades.

Acton Capital is a leading growth capital investor headquartered in Munich. The Acton team invests primarily in digital business models from sectors like Future of Work, FinTech, platforms, digital marketplaces, e-commerce or software-as-a-service.

P+P Pöllath + Partners advised Acton Capital, as it did with regard to the predecessor fund, on all contractual, tax and regulatory aspects of the fund structuring, contractual documentation and negotiations with investors with the following Frankfurt-based private funds team: