On 31st December 2009, VCM Venture Capital Europe Plus closed on its initial target of EUR 35 million. The fund of funds is solely focused on Europe focused venture fund investments and will allocate up to 30% of its capital to secondary market purchases. VCM Venture Capital Europe Plus will consider first-time fund investments. It is looking to make a total of seven fund commitments during its investment period and currently has 35% of its capital committed.
The EUR 5 billion private equity fund of funds manager started its business on 1st of January 2009. It manages private equity funds of funds and separate accounts for large investors and is a result of a combining of the private equity activities of VCM Capital Management, CAM Private Equity and Sal. Oppenheim jr. & Cie. SOPEP has a team of approximately 90 people, and offices in Luxembourg Amsterdam, Bangalore, Beijing, Cologne, Copenhagen, Madrid, Munich, New York and Paris. As of 2009, SOPEP had made 400 fund commitments worldwide.
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