The Deutsche Telekom spinoff’s Growth Equity III Fund has completed a $300m first close backed by its former parent company as well as SoftBank.

Digital Transformation Capital Partners (DTCP), the Germany-based, corporate-backed investment manager spun off by telecommunications provider Deutsche Telekom, has reached a $300m first close for its Growth Equity III (GE III) Fund.  DTCP launched the fund in March 2022 and it is backed by Deutsche Telekom, Japan-headquartered peer SoftBank and unnamed additional corporates, pension funds and…

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