Houlihan Lokey Advises One Peak Partners

Houlihan Lokey is pleased to announce that One Peak Partners (One Peak) has held the successful final closing of One Peak Growth II SCSp (Fund II) at its €443 million hard cap.

Despite the impact of the global COVID-19 pandemic, Fund II was significantly oversubscribed and closed at the upwards revised hard cap, taking the firm’s assets under management to c. €700 million. The fundraise launched in Q1 2020 and closed in Q2 2020, driven by strong support from the firm’s existing investor base and new commitments from a diverse group of blue-chip global investors from North America and Europe. The closing of this fund ensures that the firm will continue to execute its successful investment strategy of targeting significant minority investments in rapidly growing European technology companies with global ambitions.

One Peak, founded by Humbert de Liedekerke and David Klein in 2014, partners with Europe’s best entrepreneurs in scaling their businesses by providing growth capital, operating expertise (through its value creation team), and access to its extensive network of relationships. The firm’s primary objective is to help European founders transform innovative businesses into lasting, category-defining leaders.

The final close follows a busy year for One Peak’s predecessor fund (Fund I). In July 2019, the firm exited its investment in HighQ, a UK-based secure enterprise collaboration and content management solutions provider to the legal sector, which was acquired by Thomson Reuters (now Refinitiv) and delivered a significant return for its Fund I investors. In March 2020, the firm then invested in DataGuard, a German privacy and compliance SaaS company.

Commitments to Fund II came from a diverse group of global investors, including university endowments, foundations, public pension plans, fund of funds, and family offices.

Houlihan Lokey served as the global placement agent for One Peak and is proud to have partnered with the team in achieving this successful result, despite a very challenging fundraising environment. This oversubscription is a testament to One Peak’s strong expertise in the software space and reflects the clear enthusiasm and interest of global LPs who were attracted to the highly compelling market opportunity.