Industry Private Equity Website www.kennet.com Number of employees 15 | Founded 1997 Total assets 600 million USD | |
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Key people Michael Elias, David Carratt, Javier Rojas Headquarters Greater London, United Kingdom | ||
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Kennet Partners is a private equity investment firm that provides growth capital to information technology, Internet and business services companies in Europe and the US.
Contents
- Jens munk kennet partners at startup grind frankfurt
- Coslon16 hillel zidel kennet partners
- Founding history
- Funds and investments
- Investments
- Competitors
- References
Kennet Partners is headquartered in London, England, and has an office in Foster City, California. The firm raised its third fund in 2008 with €201 million, bringing total capital under management to over $600 million.
Coslon16 hillel zidel kennet partners
Founding / history
Kennet was founded in 1997 as Kennet Capital, a joint venture between technology investment bank Broadview International and asset management firm Electra Partners. In 2000, Kennet became a wholly owned subsidiary of Broadview. Following the downturn in the global technology markets, the partners of Kennet completed a management buy-out and became independent in April 2003.
Kennet's first fund was primarily targeted at early-stage technology investments in Europe. With its second fund, Kennet began making growth equity investments in both Europe and the U.S., and today the firm focuses exclusively on providing growth capital.
Funds and investments
From founding in 1997 to June 2008, Kennet has raised three funds:
Institutional investors in the Kennet III fund include Access Capital Partners, Adveq, Alpha Associates, BNP Private Equity, Credit Suisse, European Investment Fund, LGT Capital Partners and Siemens.
Investments
Since inception, Kennet has invested in over 35 companies, of which, Kennet's most notable exits include Altitun, Paragon Software, No Wires Needed, Cramer Systems, Chipidea and Adviva Media
Other investments include:
A more detailed list of their investments can be found on Crunchbase.
Competitors
Kennet's investment strategy is similar to that of other growth capital investment firms such as Summit Partners, TA Associates and Insight Venture Partners. In Europe, Kennet competes with firms such as Fidelity Ventures, Atlas Venture, Wellington Partners and the growth equity arm of Index Ventures. Competitors in the U.S. include JMI Equity and Summit Partners' Accelerator Fund.