With its strong focus on growth stage technology and tech-enabled B2B software companies hailing from across Europe and Israel, private equity firm One Peak has announced the close of its third fund at $1 billion.
The firm traditionally offers ticket sizes ranging from $15 million to $100 million, and the same is expected across the newest fund. Including this closing, the eight-year-old fund now has approximately $2 billion in assets under management.
One Peak’s $1 billion fund is backed by a diverse group of investors from Europe and the U.S. and includes blue chip university endowments, foundations, public pensions plans, insurance companies, asset managers, fund of funds, and family offices.
“Growth equity is a significantly underrepresented asset class in Europe versus the US and China. There are many world-class founders in Europe who need capital and support to win at global scale, and One Peak fills that gap for the best B2B software companies,” explained One Peak co-founder Humbert de Liedekerke Beaufort. “$15 million to $100 million is our investment sweet spot, where we act as a catalyst to accelerate growth and help companies realise their full potential.”
One Peak’s prior investments include Paysend, Deepki, DocPlanner, PandaDoc, and Coople, and just like any other self-respecting investor, the firm pledges more than just capital, offering portfolio companies support across sales, marketing, partnerships, product, tech, and talent through its Value Creation Team.
“We are ultimately in the business of investing in exceptional founders, and we work alongside them with the same passion and dedication as they do. Our value-add is significantly enhanced by our fully integrated Value Creation Team, particularly when it comes to hiring the best talent, accelerating top-line growth, driving global expansion, and improving product and technology capabilities,” commented co-founder and managing partner David Klein.
Along the lines of what EQT Ventures is doing with its Motherbrain project, One Peak also employs a proprietary sourcing and business intelligence software platform it refers to as PULSE. Integrated with a wide range of data sources, the raison d'être behind PULSE is to, quite literally, keep a finger on the pulse of the industry and surface promising opportunities for new investments and bolt-on acquisitions for One Peak’s portfolio companies.