Key Takeaways
- • AP Ventures, a London-based industrial technology investor, reached a $300m final close for its third fund, Fund III.
- • The final close sits just below the $316m raised for its predecessor vehicle in 2021, a roughly 5% decline in fund size.
- • AP Ventures had filed with the SEC to raise up to $500m for Fund III, though the source notes it is unclear whether that filing figure was ultimately the target.
- • The fund targets early-stage industrial technology venture capital deals.
Summary
London-based industrial technology investor AP Ventures has reached a $300m final close for its third fund, according to AltAssets. The figure falls just short of the $316m the firm raised for its predecessor vehicle in 2021.
AP Ventures had filed with the US Securities and Exchange Commission to raise up to $500m for Fund III. The source reports that it is unclear whether that filing amount was the intended target, so the $300m final close should be read against the original filing with that caveat.
The National Law Review, in a parallel report, describes the vehicle as a fund to back early-stage industrial technology companies, consistent with the firm's venture capital focus. Full details of the fund's strategy, limited partner base and portfolio construction were not available in the accessible portion of the primary source, which is behind a premium subscription.
AP Ventures had filed with the US Securities and Exchange Commission to raise up to $500m for Fund III. The source reports that it is unclear whether that filing amount was the intended target, so the $300m final close should be read against the original filing with that caveat.
The National Law Review, in a parallel report, describes the vehicle as a fund to back early-stage industrial technology companies, consistent with the firm's venture capital focus. Full details of the fund's strategy, limited partner base and portfolio construction were not available in the accessible portion of the primary source, which is behind a premium subscription.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.