Express
Lakestar Completes $265 Million Continuation Fundraising
Summary: According to reports, European venture capital firm Lakestar, which has previously invested in Spotify and Revolut, has completed a $265 million continuation fundraise. Secondary market specialists Lexington Partners, Industry Ventures, and Performance Equity Management are serving as anchor investors. This oversubscribed fund will allow Lakestar to transfer stakes from four existing funds into the new ...
According to reports, European venture capital firm Lakestar, which has previously invested in Spotify and Revolut, has completed a $265 million continuation fundraise. Secondary market specialists Lexington Partners, Industry Ventures, and Performance Equity Management are serving as anchor investors.
This oversubscribed fund will allow Lakestar to transfer stakes from four existing funds into the new fund, extending the holding period for portfolio companies and providing liquidity for limited partners looking to exit. Lakestar founder and chairman Klaus Hommels stated that this fund is one of the largest continuation funds in the European venture capital sector.
