Rocket Internet Capital Partners announces $1B fund
The Rocket Internet Capital Partners fund has announcedÂ on January 18, 2017 that it held its final closing at the hard cap of USD 1.0 billion dedicated to early stage and growth equity investments in the global Internet sector. This makes it Europeâ€™s largest fund focused on the Internet sector.
The Fund is focused on generating strong returns for investors by investing in market-leading, high growth Internet related businesses. In addition to access to significant financial capital, RICP leverages Rocket Internet SEâ€™s (â€œRocket Internetâ€) sector know-how, regional and operational expertise as well as its deep network, global reach and access to portfolio companies. The Fund provides funding over the lifecycle of high growth Internet businesses.
RICP seeks to invest in key focus areas of the Internet sector including marketplaces, e-commerce, financial technology, software and travel. RICP received strong backing from a diverse group of global investors, including financial institutions, pension funds, asset managers, foundations and high net worth individuals. Rocket Internet has contributed ca. 14% of the overall commitments.
â€œRICP having reached the hard cap of USD 1.0 billion shows the strong interest of leading investors, who share the enthusiasm for the attractive investment opportunity RICP presentsâ€, says Oliver Samwer, Rocket Internetâ€™s CEO. Goldman Sachs International acted as placement agent for the Fund.