Resurge Growth Partners has launched a new venture equity fund aimed at high-potential European and Israeli scale-ups.
- The fund seeks to bridge the gap between venture capital and private equity.
- €120m will be invested over the next three years, with nearly half already committed.
- The firm targets ‘venture graduates’ struggling with existing funding models.
- Founders Oren Peleg and Eyal Malinger bring substantial industry experience.
Resurge Growth Partners, based in Kentish Town, has announced the launch of a new venture equity fund, totaling €120m (£100m). This initiative is designed to bridge the existing void between traditional venture capital and private equity, focusing on high-potential scale-ups in Europe and Israel. Nearly half of the funding has already been secured, primarily from the firm’s founding General Partners and a prominent family office.
The company’s strategy is to partner with ‘venture graduates’—companies that have advanced beyond the venture capital stage but have not yet reached the maturity level required for conventional private equity investment. Resurge aims to provide these entities with the necessary capital, operational expertise, and time to pivot towards sustainable and profitable growth.
The fund was established by Oren Peleg and Eyal Malinger, both of whom boast significant industry credentials. Peleg, with his past experience as Managing Director of Oaktree Capital Management and CEO of Fitness First, partners with Malinger, formerly a Partner at Beringea and Vice President at Oaktree Capital. Their collective expertise is expected to drive the success of this venture.
Oren Peleg elaborated on the rationale behind the fund: ‘If you look at a typical venture portfolio, there will be a proportion of that portfolio that has delivered high growth and is likely to become sizeable—a unicorn. Then there is a proportion of companies in the portfolio that don’t achieve market fit and fail and they typically don’t deserve to be funded anymore. But then there is a group in the middle who find themselves in a position where they can no longer deliver growth which is sufficiently attractive to venture to continue to be funded, but who are also turned down by the private equity world who say they’re not profitable enough and are not generating enough cash—and then they’re stuck. These are the companies that we support and we believe there’s a gap in the market because these companies are struggling to find a partner that’s willing to fund them.’
Being a fund strongly backed by commitments from a leading family office and select group of family offices and high-net-worth individuals, Resurge Growth Partners plans to onboard its first portfolio companies by the year’s end.
Resurge Growth Partners’ venture equity fund addresses a vital funding gap, poised to transform the scale-up landscape.
