Key Takeaways
- • CDP Venture Capital SGR's International Fund of Funds has invested in Jolt Capital V, a French private equity fund focused on growth-stage B2B deeptech companies, according to the primary source.
- • Publisher context reports a €600m first close for Jolt Capital V with a hard cap of €1.1bn, and states that the European Investment Fund committed €260 million as anchor investor.
- • The fund is expected to finance the growth of around twenty European deeptech companies in sectors including semiconductors, medical devices, cybersecurity and software and hardware technologies.
- • CDP Venture Capital's commitment marks its entry into Jolt Capital V's investor base; the size of its allocation was not disclosed in the primary source.
- • Greenberg Traurig advised CDP Venture Capital on the fund documents and governance profiles for the investment.
Summary
The International Fund of Funds of CDP Venture Capital SGR, the Italian state-backed venture capital operator, has invested in Jolt Capital V, a French private equity fund established and managed by Jolt Capital. The fund targets growth-stage companies developing software and hardware technologies in the B2B deeptech sector.
According to publisher reporting, the investment marks CDP Venture Capital's entry into Jolt Capital V's investor base and is intended to support the fund's strategy of backing European deeptech companies. Jolt Capital V reached a first close of €600m and has a hard cap of €1.1bn. The fund plans to finance the growth of around twenty European deeptech companies in fields including semiconductors, medical devices and cybersecurity. The European Investment Fund has committed €260 million as anchor investor. The amount committed by CDP Venture Capital was not disclosed in the primary source.
Jolt Capital supports growth-stage deeptech companies with a stated emphasis on responsible investing and strategic scaling. One publisher source lists the fund's size at $794M, which is presented as a secondary data point and differs from the euro-denominated figures reported elsewhere.
Greenberg Traurig's Fund Formation & Investment Management team, led by Shareholder Eriprando Guerritore with Associates Carlotta Civello and Sofia Maccaglia, advised CDP Venture Capital SGR. The work covered review and negotiation of the full set of fund documents and the definition of related governance profiles. CDP Venture Capital SGR's internal legal team was led by General Counsel Alessandro di Gioia, with Elisa Toriello, Head of Legal Affairs, Indirect Investments and Regulatory Affairs.
According to publisher reporting, the investment marks CDP Venture Capital's entry into Jolt Capital V's investor base and is intended to support the fund's strategy of backing European deeptech companies. Jolt Capital V reached a first close of €600m and has a hard cap of €1.1bn. The fund plans to finance the growth of around twenty European deeptech companies in fields including semiconductors, medical devices and cybersecurity. The European Investment Fund has committed €260 million as anchor investor. The amount committed by CDP Venture Capital was not disclosed in the primary source.
Jolt Capital supports growth-stage deeptech companies with a stated emphasis on responsible investing and strategic scaling. One publisher source lists the fund's size at $794M, which is presented as a secondary data point and differs from the euro-denominated figures reported elsewhere.
Greenberg Traurig's Fund Formation & Investment Management team, led by Shareholder Eriprando Guerritore with Associates Carlotta Civello and Sofia Maccaglia, advised CDP Venture Capital SGR. The work covered review and negotiation of the full set of fund documents and the definition of related governance profiles. CDP Venture Capital SGR's internal legal team was led by General Counsel Alessandro di Gioia, with Elisa Toriello, Head of Legal Affairs, Indirect Investments and Regulatory Affairs.
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