Lakestar completes $265 million continuation fund raising to extend the holding period of its investment portfolio.

According to market news, European venture capital firm Lakestar, which previously invested in Spotify and Revolut, has completed a $265 million continuation fund raise, with secondary market specialists Lexington Partners, Industry Ventures, and Performance Equity Management acting as anchor investors.

This oversubscribed fund allows Lakestar to transfer equity from four existing funds into a new fund, thereby extending the holding period for portfolio companies while providing liquidity for limited partners looking to exit. Klaus Hommels, founder and chairman of Lakestar, stated that the fund is one of the largest continuation funds in the European venture capital space.

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MetaverseMigrantvip
· 08-28 16:43
The LP has found a new partner.
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SchrodingersPapervip
· 08-28 11:52
buy the dip, halfway up the mountain... sigh, what else can towel sister understand?
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ForkTonguevip
· 08-28 11:52
265 million is stable enough, liquidity is worry-free.
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MemeCuratorvip
· 08-28 11:44
The new generation has bet wrong, right?
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