Siemens launches first venture capital fund of funds
Unique positioning against comparable products
Munich, As a fund of funds, Siemens Global Innovation Partners I GmbH & Co. KG (SGIP I) will invest in venture capital funds worldwide as well as select growth capital funds with the aim of generating outstanding returns for its investors. The fund has already secured nearly half of its target volume of USD 200 mn through its first closing with the participation of the German Siemens pension funds and two leading European insurers. Siemens Venture Capital GmbH (SVC), the central corporate venture capital organization of Siemens, isSGIP I’s General Partner.
Building on two decades of venture capital investment experience, SVC has formed a fund of funds with a regionally and technologically diversified portfolio of venture capital and growth capital funds. About two-thirds of the fund will be invested in venture capital funds and select growth capital funds in North America. Venture capital investments and select growth capital investments in Europe, Israel and Asia will make up the rest. The target portfolio will include about 20 funds.
“In contrast to SVC’s previous approach, the fund’s investment strategy is guided solely by financial criteria. SGIP I offers an extraordinary combination of extensive global expertise building on a strong track record as a fund investor and direct investor in early-stage technology firms. As a result, SVC is in a superior position to assess many target funds based on its experience as a co-investor,” said Dr. Ralf Schnell, Managing Director of Siemens Venture Capital.
Siemens Venture Capital (SVC), the corporate venture capital organization within the Siemens Group, invests in early-stage technology companies and established growth companies, focusing on the energy, industry and healthcare sectors. In this way, we identify innovative solutions from which Siemens can profit and play a key role in Siemens‘ global innovation network. To date, we have invested more than EUR 800 mn in over 100 companies and 30 venture capital funds. Siemens Venture Capital is represented in Europe (Munich), the United States (Palo Alto and Boston), China (Beijing), India (Mumbai) and, through Siemens‘ regional company, Israel (Tel Aviv). SVC is part of Siemens Financial Services and of an overarching network at Siemens.
Siemens Financial Services (SFS) is an international provider of financial solutions in the business-to-business area. With about 1,900 employees and an international network of financial companies coordinated by Siemens Financial Services GmbH, Munich, we support Siemens as well as non-affiliated companies, focusing on the three sectors of energy, industry and healthcare. We finance infrastructure, equipment and working capital and act as a competent manager of financial risks within Siemens. By leveraging our financ-ing expertise and our industrial know-how we create value for our customers and help them strengthen their competitiveness. For more information see: www.siemens.com/finance.
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