GRO Capital raises continuation vehicle to continue journey with prior portfolio company of GRO Fund I

On 4 June 2021, GRO Capital announced the establishment of a continuation vehicle for the purpose of holding a minority interest in Trackunit, a former portfolio company of GRO Fund I. Backed by Danish and non-Danish investors, GRO Capital thereby continues to support Trackunit going forward, while also providing an exit for GRO Fund I. Plesner's Private Investment Funds team advised GRO Capital on all stages of the fundraising.

GRO Capital is a leading North European private equity fund manager with a focus on B2B software and tech enabled businesses with strong growth prospects.

By raising a continuation vehicle, GRO Capital is able to provide a liquidity event for existing investors, an opportunity for existing investors to stay invested in the portfolio company by recommitting to the continuation vehicle (rolling over the exposure) and an opportunity for new investors to invest in the asset. 

Plesner’s Private Investment Funds team advised GRO Capital on the design, structuring, raising and formation of the continuation vehicle. 

Read the press release from GRO Capital

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