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One Peak closes third fund at $1bn hard cap

One Peak, an investor in growth stage B2B software companies in Europe and Israel, has closed the One Peak Growth III fund at its hard cap of $1 billion. The fund was significantly oversubscribed, demonstrating strong LP demand. 

One Peak, an investor in growth stage B2B software companies in Europe and Israel, has closed the One Peak Growth III fund at its hard cap of $1 billion. The fund was significantly oversubscribed, demonstrating strong LP demand. 

The closing of One Peak Growth III brings the firm’s total assets under management to c$2 billion and makes One Peak, which was founded by David Klein and Humbert de Liedekerke Beaufort, the largest fund in Europe dedicated to backing fast growing B2B software companies in the $15 million to $100 million investment range.

Over the past eight years, One Peak has built a concentrated portfolio of minority stakes in software companies such as Cymulate, Deepki, DocPlanner, PandaDoc, Neo4j, and Spryker Systems. 

Commitments to One Peak Growth III came from a diverse group of investors from the US and Europe, including blue chip university endowments, foundations, public pensions plans, insurance companies, asset managers, fund of funds, and family offices.

Proskauer Rose LLP and Van Campen Liem served as fund counsel to One Peak Growth III.

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