WisdomTree sets 3-for-1 forward split for Japan Hedged Equity Fund

PSG Equity has successfully raised over €4.4 billion for its third European growth equity fund, PSG Europe III. This substantial increase marks a significant expansion from its predecessor, PSG Europe II, which raised €2.6 billion in 2023. The new fund has attracted commitments from a diverse range of investors, including state pension funds, sovereign wealth funds, insurers, family offices, and high-net-worth individuals.

PSG Europe III is poised to focus on software and technology-enabled businesses throughout Europe, with the goal of helping companies become pan-European category leaders with international operations. The fund will invest in both established software platforms that leverage artificial intelligence to expand their offerings and accelerate growth, as well as companies developing AI-native technologies.

Recent investments by PSG include Mistral AI, BrightAnalytics, Aikido Security, Quality Hosting, Emotion Mobility, Namirial, and Glasswall. The firm sees potential in increased AI adoption, demand for European technology providers, and the growing emphasis on digital sovereignty. PSG, which established its European operation in 2019, now employs 83 professionals across its London and Paris offices, specializing in software and technology.

The firm has made 43 platform investments, 98 add-on acquisitions, and 12 realisation events in Europe to date. Its European portfolio companies have operations in 24 cities across the region. Recent exits from the portfolio include Sellsy, Signaturit, N2F, Artur’in, Hornetsecurity, and Mapal. PSG's chairman, Peter Wilde, emphasized the strong support from both existing and new investors, while the CEO, Mark Hastings, highlighted the expansion of the enterprise software opportunity through AI, creating new categories and providing established platforms with improved products and accelerated innovation.