Venture capital firm Acurio Ventures today announced the closing of Acurio Secondaries I FCR, an innovative European fund with a size of approximately €115 million that invests exclusively in fund-level secondary transactions involving European VC funds.
With this new vehicle announced today, Acurio Ventures now has assets under management exceeding €450 million, spread across five investment vehicles focused on technology in Europe, three dedicated to direct investment in startups and two focused on investment in VC funds.
The private equity market, and particularly the VC segment, faces an environment characterised by limited liquidity, a challenge that Acurio Ventures aims to address with its new fund.
Secondary transactions have emerged over the past decade as a complementary exit mechanism to traditional IPOs and mergers and acquisitions. Accordingly, 2025 was the largest year on record for secondaries, with global investment volumes exceeding US$200 billion.
However, unlike other private equity segments (buyouts, middle market, etc.), secondary activity in funds in the VC space, particularly in Europe, remains at a very early stage and is driven mainly by large United States managers with billions of assets under management.
