Bootstrap announces first close of Bootstrap Europe III S.C.Sp.
A GROWTH DEBT FUND INVESTING IN THE FAST GROWING EUROPEAN TECHNOLOGY SPACE
5Capital Funds Placement is serving as an advisor to the firm on their ongoing fundraise
London, UK (March 14, 2022) – Bootstrap is pleased to announce the first close of the firm’s third fully discretionary growth credit fund, Bootstrap Europe III S.C.Sp. (“Bootstrap III” or the “Fund”). 5Capital Funds Placement is serving as an advisor to the firm on their successful fundraise.
Bootstrap Europe, led by Stephanie Heller and Fatou Diagne, is the largest venture debt fund manager, in Europe, led by women and minority fund managers. They are also the largest fund in the venture space that is managed by minority women.
Fatou Diagne, Managing Partner at Bootstrap, stated “We have already started deploying capital from our new fund III, to fund exciting technology companies across Europe in the medical technology, cybersecurity, logistics, food tech and data analytics sectors. We have closed three deals in the month of January and our near-term pre-committed pipeline stands at over Euro 50 Million. The European technology ecosystem remains stronger than ever, both in terms of amounts raised by startups and VC funds, as well as the quality of successful companies and exits.”
Allan Majotra, Managing Partner at 5Capital, noted “As Europe technology delivers more IPOs than the US in 2021 for the first time, we are pleased to announce an impressive first close for Bootstrap III from institutional investors like the European Investment Fund, asset managers and family offices. We view the leadership at Bootstrap to be one of the most inspirational stories in the European alternative funds industry.”
Allan Majotra added “Not only has their historical track record been notable, but we expect this GP to considerably grow in assets under management, providing interesting risk-returns in the technology industry across Europe, through senior secured loans with equity kickers.”
In additional news, Bootstrap has been growing its team rapidly with investment experts from Silicon Valley Bank, Norgine, ETV Capital, Citigroup, Deutsche Bank, etc. The latest addition sees Nick Coleman joining the team as COO, after 17 years as COO of SV Health, the premier life sciences VC fund spin-off of Permira. He will be supported by Rob Uren, who will join the finance and accounting team, from KPMG.
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About Bootstrap Europe
Bootstrap Europe was founded by Stephanie Heller and Fatou Diagne in 2015 and is headquartered in Luxembourg with offices in Zurich and London. Bootstrap operates through classic fund structures backed by limited partners, including the European Investment Fund, the British Business Investments, well-known technology entrepreneurs, family offices, asset managers and financial institutions. The team at Bootstrap has invested in more than 250 Growth Debt transactions in European fast-growing companies, with a focus on technology and life sciences sectors.
About 5Capital Funds Placement
5Capital is one of the leading independent placement agents globally and works with pre-eminent fund managers and their institutional investors and family offices, across private equity, real estate, infrastructure, private credit, and venture capital, globally. 5Capital has presence in Chicago, Miami, New York, Los Angeles, Boston, Tampa Bay, Atlanta, Milwaukee, Munich, Tel Aviv, Taipei, and Sydney.