Resurge Growth Partners has introduced a €120m venture equity fund aimed at bridging the gap between venture capital and private equity.
- The firm focuses on high-potential European and Israeli scale-ups that outgrow venture capital but are not ready for private equity.
- The fund has already received nearly half of its investment from founding GPs and a leading family office.
- Resurge provides capital, expertise, and transition support for scalable future growth.
- The initiative seeks to onboard its first portfolio companies by year-end.
Resurge Growth Partners has announced the launch of a new venture equity vehicle valued at €120m. This initiative is designed to bridge the existing gap between venture capital and private equity funding, specifically targeting high-potential scale-ups across Europe and Israel. The fund aims to cater to companies that have progressed beyond traditional venture capital requirements but are still deemed not yet mature enough for private equity investment.
The firm plans to strategically invest this capital over the next three years, with nearly fifty percent of the funds already committed by the founding general partners and a prominent family office. This significant level of initial commitment underscores the confidence in the fund’s focus and strategy.
Based in Kentish Town, Resurge’s primary mission is to form partnerships with ‘venture graduates’. These companies have grown past the typical scope of venture capital but have not yet reached the profitability or cash generation stage expected by private equity entities. Through this model, Resurge aims to provide the necessary capital, operational expertise, and time to assist these companies in transitioning towards a sustainable and profitable growth trajectory.
This venture has been spearheaded by Oren Peleg, a distinguished former Managing Director at Oaktree Capital Management and the previous CEO of international gym chain Fitness First, alongside co-founder Eyal Malinger, a former Partner at Beringea and Vice President at Oaktree Capital. Oren Peleg articulated that within a typical venture portfolio, there exists a segment of companies that exhibit significant growth potential, yet find themselves at an impasse where they neither fit the venture capital nor private equity mould. Resurge seeks to address this funding void by supporting such entities.
The remainder of the funds is expected to come from a selected group of family offices and high-net-worth individuals, who will contribute on a per-deal basis. With this robust financial framework in place, Resurge intends to commence onboarding its initial portfolio companies before the end of the current year.
Resurge Growth Partners is poised to fill a critical funding gap with its innovative venture equity vehicle, supporting promising scale-ups on their journey to sustainable growth.
