• Edmond de Rothschild is a cornerstone investor in Kennet VI
• The pool’s other backers include British Patient Capital, Federated Hermes Private Equity and Bpifrance
• As a result of the current fundraising, Kennet now has over €1.3 billion assets under management

Kennet, a London and Silicon Valley-based growth equity firm, has raised €266 million for its sixth fund.

Kennet focuses on high-growth SaaS technology companies.

Edmond de Rothschild is a cornerstone investor in Kennet VI. The pool’s other backers include British Patient Capital, Federated Hermes Private Equity and Bpifrance.

On the fundraising, Michael Elias, managing director at Kennet, said in a statement, “This fundraise marks another important milestone for Kennet as we close our largest fund to date, with a significant number of previous investors participating in this fund. At a time when the market has recognised that ‘growth at any cost’ is no longer rational, our long-standing conservative strategy has appealed to investors.”

Kennet VI’s investments include Ireland and UK-based Screendragon and France-based Fluid Topics.

As a result of the current fundraising, Kennet now has over €1.3 billion assets under management.

Kennet Partners was founded in 1997 by Michael Elias