ChainCatcher news, according to market sources, the European venture capital firm Lakestar, which previously invested early in Spotify and Revolut, has completed a $265 million continuation fund raising. Secondary market specialists Lexington Partners, Industry Ventures, and Performance Equity Management acted as anchor investors.
This oversubscribed fund allows Lakestar to transfer the equity of four existing funds into the new fund, thereby extending the holding period for portfolio companies while providing liquidity to limited partners looking to exit. Lakestar's founder and chairman Klaus Hommels stated that this fund is one of the largest continuation funds in the European venture capital sector.