VC Firm Insights on EU Scaleup Europe Fund Selection - Sifted

I’d love to hear from you: did you apply to run the Scaleup Europe Fund? What do you make of the concerns? Who do you think will be chosen to manage the pot of money? [url=mailto:[email redacted]]Send me a note.[/url] As I hear from many of you, the EU’s new Scaleup Europe Fund is among the buzziest topics in the VC ecosystem right now. At €5bn, the fund will be the region’s largest ever funding vehicle — and a major prize for whichever firm wins the rights to run it. And it’s prompted intensifying speculation around the selection process. The fund, set to launch this spring, will back deeptech companies across the region. Applications to oversee the multi-billion euro pot closed last month, and we’re reporting that firms that have advanced to the next stage of the process will be invited to present in Brussels next week. Among those we know or are likely to have applied, based on qualifications: Lakestar, Eurazeo, Northzone, Atomico and Vitruvian Partners. But recently, much of the speculation around who will oversee the fund’s investments has centred around one investor in particular: Swedish investment firm EQT, seen by some as a potential frontrunner. We’re reporting that concerns have been raised to the Commission about a new part-time external adviser at EQT, who joined the firm the same month he left the Commission, where he advised on the creation of the Scaleup Europe Fund. [url=https://email.sifted.eu/e3t/Ctc/LZ+113/d2mfCN04/VWVR5X3yD5yPW8FGtK-5-Z5G8W5d86_w5Ljj_kN1f4_Yg3qgz0W7Y8-PT6lZ3mMW6G4ZPw3NXFcMM26LVMDLHNgW89cHsB3vDcxCW7yFKqN1Qq-RGW3r4Z5B11C8CxW352KJR8Bk6M6W4jXyJ_8YMJKMW1SX9Z22SCyGrN15kTZ5J_0ZXW1V_CjD5_gZxyW2gGmVz4S99cNW7QQhkR2MZm-zW1J6cVs1wpSYFW8_PR1w60nVnLW5fR_k31yxHr8W2hKd0f4XPVnBN5jp7fWr4Zy9W3srpkw18zgvLW1vBTSf2skmS-W8LYQzg7lyCJyW4w_pys6bfYvhW2-12YB2w9Dh6W1cgYGN95MVsnVFQv2g1zdsD6W64q4Wm3K85DpW7J6DBd3KHd59f30PNPj04]More details here.[/url]