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The EU’s SAFE instrument provides up to €150 billion in loans for joint defence procurement across Europe.
The fund was backed by undisclosed LPs.
The tender saw backing from Wellington Management, T. Rowe Price, Goldman Sachs, GIC, Ontario Teachers’ Pension Plan, and EQT Group.
The new fund saw support from Horsley Bridge Partners, Sofina, Hillman, and Granite.
The fund is backed by the European Investment Fund, the European Bank for Reconstruction and Development, and family offices.
The investment was led by Aspirity Partners, with participation from existing investor EIFO.
The round was led by Shift4Good, with participation from Bridges Climate Transition Partners and BNP Paribas Développement.
The seed round was led by Iron Wolf Capital, with participation from Lemonade Stand.