Acurio Ventures has announced the closing of Acurio Secondaries I FCR, a €115 million fund dedicated exclusively to secondary transactions involving European venture capital funds.
The fund focuses on buying and selling limited partner stakes in European VC funds, providing liquidity to investors who want to exit early and creating a more dynamic secondary market for European venture capital. With this vehicle, Acurio’s total assets under management now exceed €450 million across five investment vehicles.
Three of Acurio’s vehicles are dedicated to direct startup investments, while two — including this new fund — focus on secondary transactions. The firm’s strategy addresses a persistent gap in the European VC ecosystem, where secondary markets have lagged behind the US in both depth and liquidity.
The oversubscribed fund attracted commitments from institutional investors, family offices, and high-net-worth individuals across Europe. Acurio plans to deploy capital across both GP-led and LP-led secondary transactions, targeting funds with strong underlying portfolio companies in the technology sector.
The launch comes at a time when European venture capital is experiencing a resurgence, with H1 2026 global startup investment hitting a record $510 billion. Secondary markets have become increasingly important as more institutional investors seek portfolio rebalancing and earlier exit options in maturing VC portfolios.
