Key Takeaways
- • Sprints, the London-based growth investor and early backer of Revolut and Vinted, closed its fifth fund (Fund V) at its €725 million hard cap, according to HedgeCo.Net.
- • Fund V is about 40% larger than its predecessor, Fund IV, and was oversubscribed at final close.
- • Per Private Equity List, more than half of Fund V has already been committed to new and existing investments.
- • Private Equity List ranked Sprints V as the largest European fund announced in the week of October 12 to 18, 2026, which accounted for roughly 57% of that week's $3.8 billion in announced headline fund sizes alongside Consonance Capital Partners' $1.35 billion healthcare fund.
- • Vessel noted that the hard cap points to fund-size discipline relative to the firm's typical check size.
Summary
Sprints, a London-based growth investor known for early backing of Revolut and Vinted, has held the final close of its fifth fund at its €725 million hard cap, according to HedgeCo.Net. The firm said the oversubscribed vehicle is about 40% larger than Fund IV.
Private Equity List counted Sprints V as the largest European fund announced in the week of October 12 to 18. The tracker recorded 12 new private equity and venture funds that week, with $3.8 billion in combined headline sizes and a median fund size of $202 million. Sprints and Consonance Capital Partners' $1.35 billion healthcare fund together accounted for about 57% of that total.
According to Private Equity List, Sprints said more than half of Fund V has already been committed to new and existing investments, meaning a substantial share of the capital is allocated at final close. The firm writes late-stage growth checks into European technology companies. Investments listed on its website include Flightradar24, willhaben, Modular Finance and Base.
Vessel noted that setting a hard cap points to fund-size discipline relative to the firm's typical check size. For limited partners, the raise indicates that capital continues to concentrate in managers with visible marks and realizations. Sprints' portfolio has benefited from late-stage liquidity events, including secondary share sales at Vinted and Revolut highlighted on the firm's news page.
The key test for Fund V will be deployment pace and pricing discipline. With more than half the fund already allocated, the remaining capital will be concentrated in a small number of late-stage positions. Limited partners will watch whether the firm can keep entry valuations disciplined while competing with larger crossover and growth investors for Europe's best-performing technology companies.
Private Equity List counted Sprints V as the largest European fund announced in the week of October 12 to 18. The tracker recorded 12 new private equity and venture funds that week, with $3.8 billion in combined headline sizes and a median fund size of $202 million. Sprints and Consonance Capital Partners' $1.35 billion healthcare fund together accounted for about 57% of that total.
According to Private Equity List, Sprints said more than half of Fund V has already been committed to new and existing investments, meaning a substantial share of the capital is allocated at final close. The firm writes late-stage growth checks into European technology companies. Investments listed on its website include Flightradar24, willhaben, Modular Finance and Base.
Vessel noted that setting a hard cap points to fund-size discipline relative to the firm's typical check size. For limited partners, the raise indicates that capital continues to concentrate in managers with visible marks and realizations. Sprints' portfolio has benefited from late-stage liquidity events, including secondary share sales at Vinted and Revolut highlighted on the firm's news page.
The key test for Fund V will be deployment pace and pricing discipline. With more than half the fund already allocated, the remaining capital will be concentrated in a small number of late-stage positions. Limited partners will watch whether the firm can keep entry valuations disciplined while competing with larger crossover and growth investors for Europe's best-performing technology companies.
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