French venture capital expert Kurma Partners has closed its Growth Opportunities Fund at €160m and targets a final closing at €250m.
The new fund is aimed at accelerating life sciences companies in the advanced development stage, which is very similar to the recently presented EU Scale-up Initiative. Kurma Partners has thus received support for the fund from the European Investment Fund (EIF) that will manage the EU Scale-up Initiative, as well as from Bpifrance, the Belgian Growth Fund and BNP Paribas Fortis Private Equity, SFPI, BNP Paribas Fortis and Groupe Pasteur Mutualité. Eurazeo, which recently increased its stake in Kurma Partners, is also an anchor investor in this fund.
Kurma Partner’s new fund will primarily target unlisted European companies addressing an 'unmet medical need' and in transition from the research and development phase to a commercial enterprise. The aim is to invest in about 15 companies.
To structure the fund and support its growth, Kurma recently strengthened its team with Daniel Parera as a partner, among others. After working at Novartis and TVM Capital, he was recently Managing Director at the Bavarian IcanoMab GmbH. Kurma played a key role in the high Series A financing of almost €90m and founding of the French-German company Emergence Therapeutics.
Market Status XETR ⓘ
XETR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
Please find further information about incident handling in the Emergency Playbook published on the webpage under Data & Tech > Information Channels > Emergency procedures. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message
We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.
An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.