Israel’s Pitango returns with sequel to $250m-targeting growth fund

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Pitango Venture Capital has registered its sophomore growth-stage focused vehicle with US financial regulators.

The firm has yet to register any capital commitments to Pitango Growth Fund II, according to a filing submitted to the United States Securities and Exchange Commission.

Its unclear when the fund might reach final close, however Pitango said in the documents that it does not expect the fundraise to last longer than 12 months.

Pitango hit a first close of its $250m-targeting debut fund in the series in November 2015, although it has not publicly revealed how much it eventually gathered for the final close.

The firm typically looks for companies with active customers and revenues around $10m, according to its website.

Pitango was launched in 2003 and has over $2bn of assets under management across its early and growth stage funds

In the summer of last year Pitango held an initial close for its healthcare and Healthtech-focused fundraise, targeting $150m of capital commitments. The firm has yet to announce a final close for that vehicle.

The Israeli venture capital firm closed its seventh early-stage fund at $175m in late 2016.

Pitango recently promoted its principles Idit Muallem-Yedid and Yair Cassuto to partner

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