Growth equity firm Acton Capital Partners has closed a $200m fund that counts publishing group Hubert Burda, from which it spun out, as an anchor investor.

Germany-based growth equity firm Acton Capital Partners closed its latest fund at $200m today after securing publishing group Hubert Burda Media as a limited partner.

Hubert Burda was joined as an anchor investor in Heureka II Growth Fund by financial services group KfW, which invested through its ERP Venture Capital Fund Investments vehicle, financial services firm UniCredit and European Union agency European Investment Fund.

Acton was founded in 1999 as a corporate venturing arm of Hubert Burda before being spun…