GRO Capital closes GRO Generation I at hard cap of EUR 150 million
GRO Capital is a leading North European private equity fund manager focusing on B2B software and tech enabled businesses with strong growth prospects.
With the launch of its new GRO Generation strategy, GRO is building on its proven investment strategy. Adopting a small-cap focus, GRO Generation Fund I is targeting companies with a minimum annual recurring revenue of approximately EUR 3 million. Designed to capture a broader part of the B2B software value chain, the GRO Generation strategy provides enhanced flexibility to partner with high-growth B2B software companies across Northern Europe. Adding to GRO's existing geographical reach, GRO Generation I further expands GRO’s geographical scope to include the UK and Ireland.
GRO Generation Fund I reached its hard cap of EUR 150m in a first and final closing on 28 June 2024, after only 3 months of fundraising.
Plesner's Private Investment Funds team advised GRO Capital on all phases of the establishment of GRO Generation Fund I.