News and Announcements
CVC Add+Venture Fund on Track for a First Close of $10m in August
- Published August 03, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Capital raising for the CVC Add+Venture Fund is progressing well and based on applications already received we are on track for a first close of $10m this month (August).
We continue to assess great quality deal flow including a medical compliance and safety technology company with existing revenues, a platform for rapid web and app development, multiple cybersecurity opportunities, as well as a disruptive online B2C marketplace. The Add+Venture team is looking forward to closing the capital raise and turning our deal flow into investments in the Fund.
ABOUT CVC ADD+VENTURE FUND
The CVC Add+Venture Fund is a venture capital fund launched by CVC Limited, an ASX listed investment management company in operation since 1985, with net assets of over A$200 million. The Fund provides investors with tax effective access to the potentially outsized returns available from investing in early and expansion stage companies, utilising the experienced CVC Investment Team who have delivered returns in excess of 25% p.a. from CVC’s earlier stage portfolio over the past 5 years.
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