Crescent Capital IV Closed

BELFAST NORTHERN IRELAND, 5 Mar 2021: Following Invest NI’s announcement today, Crescent confirms that its fourth fund, Crescent Capital IV LP, has been closed. This is due to the considerable challenges, arising from the turmoil created by the Covid-19 pandemic, in raising the required second close matching private investment.

Crescent’s Colin Walsh said, ‘the current fundraising challenges are unprecedented particularly for emerging venture capital markets such as Northern Ireland. Crescent IV’s orderly closure includes the return of all initial investor drawdowns.’