Ace Law advises AKILES evergreen fund on its 35m euro first closing

We’re proud to have assisted our client, the Belgian investment company specialized in Growth Capital AKILES, with the first EUR 35m closing of its evergreen fund.

Since its launch as a single-family investment firm in September 2019, AKILES has already realized 7 investments in late stage ventures and growth capital. In each investment, AKILES intends to support successful managers and entrepreneurs on their growth path, in full alignment and with a long-term approach. Despite challenges of Covid-19, these portfolio companies have generally exceeded expectations and delivered strong growth.

In February 2021, in order to support further growth, AKILES set up its evergreen fund structure with four partners: Christophe Rousseaux, Thierry François, Kurt Huyghe and Laurent Puissant Baeyens. This evergreen fund announced its first closing on Friday, raising over EUR 35m in new capital. AKILES aims for a following closing of the fund at EUR 50m in H2 2021 in view with its growing pipeline of investment opportunities.

Along with Christophe Rousseaux (former CEO of Immoweb) as a cornerstone investor, a select number of reputable family offices and entrepreneurs joined this first closing as investors, thereby strengthening AKILES’ funding base and network, which benefits both its current and new portfolio companies.

The Ace Law team extends its sincere congratulations and thanks for the pleasant and fruitful collaboration to the AKILES team!

For more information, please click here or see the reporting in De Tijd.