Debevoise Advises Top Tier Capital Partners on €260 Million European Venture Capital Fund of Funds

17 May 2021

Debevoise & Plimpton LLP has advised Top Tier Capital Partners, LLC (“TTCP”) on the close of nearly €260 million in capital commitments for a dedicated European investment fund, exceeding its target of €250 million.

Focused primarily on European funds with some investments in Israel, the Luxembourg-based investment fund seeks to invest broadly across the region, including in niche-focused venture funds and high-growth, expansion-stage technology startups. The fund will also invest into strategic secondaries and co-investments.

One of the fund’s key limited partners is British Business Investments, who made a €100M commitment to the fund in 2019 strategically aimed at addressing the technology funding gap in the UK.

For full details, please see TTCP’s press release.

The Debevoise team advising TTCP was led by partner Patricia Volhard and international counsel Matthew Dickman, and included international counsel Jin-Hyuk Jang, and associates Thomas Berry, Clarisse Hannotin, Eric Olmesdahl and Matthew Pollock. Tax advice was provided by partner Matthew Saronson, international counsel Samuel Duncan, and associates Paul Eastham and Veronika Polakova.