Rocket Internet Capital Partners fund (RICP) on January 18, 2017 held its final closing at the hard cap of US $1 billion dedicated to early stage and growth equity investments in the global Internet sector. This makes it Europe’s largest fund focused on the Internet sector.
The Fund is focused on generating strong returns for investors by investing in market-leading, high growth internet related businesses. In addition to access to significant financial capital, RICP leverages Rocket Internet’s sector know-how, regional and operational expertise as well as its deep network, global reach and access to portfolio companies. The Fund provides funding over the lifecycle of high growth Internet businesses.
RICP seeks to invest in key focus areas of the internet sector including marketplaces, e-commerce, financial technology, software and travel. RICP received strong backing from a diverse group of global investors, including financial institutions, pension funds, asset managers, foundations and high net worth individuals. Rocket Internet has contributed ca. 14% of the overall commitments.
“RICP having reached the hard cap of US $1 billion shows the strong interest of leading investors, who share the enthusiasm for the attractive investment opportunity RICP presents”, said Oliver Samwer, Rocket Internet’s CEO.
Goldman Sachs International acted as placement agent for the Fund.
Rocket Internet builds and invests in Internet companies that take proven online business models to new, fast-growing markets. Rocket Internet focuses on four industry sectors of online and mobile retail and services that make up a significant share of consumer spending: Food & Groceries, Fashion, General Merchandise and Home & Living. Its network of companies operates in a large number of countries around the world with more than 36,000 employees.