Clifford Chance advises Verto on the final close of its fund Verto Growth II

Verto SAS (“Verto”) announced the final close of Verto Growth II (the “Fund”) at its revised hard cap of €330 million, exceeding its €300 million target. The final close took place just nine months after the first close, and caps a successful oversubscribed fundraising process despite a challenging environment.

The fundraise received strong support from existing investors, achieving a 120% re-up rate, while new LPs – primarily French and international institutional investors – have diversified the geographic profile of Verto’s investor base, with approximately 40% of Fund commitments coming from international LPs.

Verto Growth II will continue to execute Verto’s strategy of French-focused growth equity investments in the B2B Software and Healthtech sectors, leveraging the firm’s increased sourcing and execution capabilities.

The Clifford Chance team included Marie Préat, partner, Benjamin Massot, counsel, and Oscar Lenoël, associate, on the fund aspects, as well as Pierre Goyat, partner, and Elise Poiraud, associate, on the tax aspects.