European investor HPE Growth has promoted former General Atlantic and TPG executives Tim van Delden and Manfred Krikke to co-managing partners, as it looks to expand to a top-tier European tech growth investment platform.
Van Delden was was instrumental in furthering the US growth giant General Atlantic’s expansion in Europe, before co-founding HPE Growth in 2008. Krikke was previously one of the founding Partners of TPG Growth in San Francisco.
HPE said that over the last seven years the pair had been the architects of the firm’s evolution “from a smaller regional technology firm into one of the go-to European growth investment firms”, with a focused investment strategy targeting European “digital champions”.
Firm co-founding partner Hans van Ierland will remain involved with the firm as chairman of the HPE Advisory Board which is being introduced to support management.
Van Ierland said, “I am very proud of what we have accomplished so far at HPE. Tim and Manfred have proven to be exactly the right people to take the firm to the next level and I am excited to continue to support them as they build HPE into a global firm.
“I will spend some of my additional time supporting initiatives of the Dutch government to stimulate investments in deep technology companies in the Netherlands.”
Manfred Krikke added, “Over the past decade, we have honed HPE’s focus on investing in European digital champions, and we are excited to continue to build upon this strategy.
“We believe that this market poses one of the most exciting growth investment opportunities in the foreseeable future.”
The firm has also brought in Kasper Struve, former director of private investments at Danish pension fund Industriens Pension, as an independent board member.
HPE growth currently has about €500m in assets under management, with portfolio successes to date including WeTransfer, eGym, PPRO, Tiqets and Uberall.
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