Ipes, the leading provider of outsourced services to Private Equity in Europe, is providing administration services to Keen Venture Partners, a new venture capital firm operating from London and Amsterdam, in the first closing of its inaugural KEEN Venture Partners Fund L.P.
The fund had its first close at €90m and will provide early growth capital for technology companies with breakaway momentum across Europe with a particular focus on innovation hubs in the UK, Netherlands, Sweden and Germany.
Ben Cook, UK Managing Director of Ipes, commented; "Keen’s focus on innovation matches our own. We look forward to a long partnership and are delighted to support their inaugural fund."
Robert Verwaayen, General Partner of KEEN Venture Partners, commented: "This new Fund is the first from KEEN Venture Partners and we are pleased with the exceptional range of high-profile institutional and private investors, demonstrating a high level of confidence in the new fund. We chose Ipes because they were a good fit for us and have been an extension of our team during the first close."
You can find out more about Keen Ventures here.