Munich-based enterprise capital agency Picus Capital introduced the closing of a €150 million most popular fairness financing transaction supplied by world personal markets supervisor Carlyle AlpInvest.
This transaction injects the VC agency with vital capital, enabling it to pursue new investments whereas persevering with to scale and assist its current portfolio of virtually 200 corporations, together with unicorns equivalent to Personio and Enpal.
Robin Godenrath, Managing Accomplice and founder at Picus Capital, stated, “Carlyle AlpInvest’s partnership underscores the energy, resilience and potential of our portfolio and positions us to speed up development throughout our funding platform.
“Partnering with Carlyle AlpInvest permits us to proceed supporting our current portfolio corporations and their visionary founders as they scale, whereas advancing our mission to spend money on new innovation leaders and ship sturdy risk-adjusted returns throughout all levels.”
Picus Capital was based in 2015 as a privately financed funding agency. It has since advanced into an early-stage know-how funding agency with a long-term funding philosophy. It companions with entrepreneurs from pre-Seed via to later development levels through the Picus Enterprise Fund technique.
The VC agency’s focus areas embody power and local weather, FinTech, enterprise infrastructure, generative AI, cybersecurity, healthcare, and enterprise utility. The agency states that it has constantly delivered an annual inside fee of return (IRR) exceeding 40% since its inception.
Earlier this yr, in Could, the VC agency introduced the ultimate closing of oversubscribed Picus Enterprise Fund II at its €250 million onerous cap, greater than double the scale of its predecessor fund.
In 2025, EU-Startups reported on two funding rounds involving Picus Capital. Final month, the agency led the €4 million pre-Seed funding spherical of Barcelona-based Kabilio, together with Visionaries Membership. In Jaunary, it backed Paris-based Maki in a €26 million Collection A funding spherical.
“Picus has assembled a extremely diversified portfolio of category-defining corporations, and the agency’s sustained efficiency and spectacular momentum made this an particularly engaging partnership for us,” stated Michael Hacker, International Head of Portfolio Finance at Carlyle AlpInvest.
Carlyle AlpInvest is a world personal fairness investor with almost €87 billion ($102 billion) of property underneath administration and greater than 700 buyers as of September 30, 2025. It has invested with over 370 personal fairness managers and dedicated over €94.7 billion ($111 billion) throughout major commitments to personal fairness funds, secondary transactions, portfolio financings, and co-investments. Carlyle AlpInvest employs greater than 290 individuals in New York, Amsterdam, Hong Kong, London, and Singapore.
