Verdane closes Freya XII at €2 billion hard cap

Verdane, the lower mid-market European investment firm, has announced the successful final close of Verdane Freya XII at its €2 billion hard cap. Marking the largest fund in Verdane’s 22-year history, the close of Freya XII brings the total amount of capital raised by Verdane since inception to €9 billion.

Freya XII is more than 70% larger than its predecessor fund, reflecting the attractive market outlook, highly differentiated strategy and strong historical performance. Approximately 80% of Freya XII commitments came from existing Verdane investors. This strong re-up rate highlights both the attractive positioning of Verdane and specifically the Freya fund.

Freya XII secured new commitments from leading global non-profit organisations, public pension funds, university endowments, foundations, insurance companies and family offices. The fundraise was completed less than six months after the fund’s first closing.

Verdane’s LP base continues to broaden internationally, with participation in the fund coming from investors across 18 countries and 24% of commitments coming from US investors.

The close of Freya XII follows an active 2025 to date for Verdane. Realisations so far this year include the sale of Hornetsecurity to Proofpoint, the sale of Danelec to GTT and the partial realisations of Voyado to Viking Global and Lumene to Creades.

Rede is proud to be a longstanding partner with Verdane since 2016 and we were pleased to continue our relationship through this highly successful fundraise.