Aztec Group supports Highland Europe on €1.1 billion Fund VI close

Aztec Group supported Highland Europe on the close of its sixth growth fund, which reached €1.1 billion and is set to back Europe’s next wave of technology companies. The raise follows a strong year for Highland Europe and adds to a run of major fund closes handled by Aztec Group.

Why it matters: - Highland Europe’s €1.1 billion Fund VI gives the firm fresh capital to keep backing growth-stage technology companies across Europe. - The close adds to a busy 2026 for Highland Europe, with more than €1 billion of liquidity generated during the year. - The fund close also reinforces Aztec Group’s role as an administrator for private markets managers that need specialist support across the fund lifecycle.

What happened: - Aztec Group supported Highland Europe on the successful close of Highland Europe Technology Growth VI LP, known as Fund VI. - Fund VI is a Jersey-domiciled fund with commitments of €1.1 billion. - The fund is intended to continue backing Europe’s next generation of technology leaders. - Aztec Group has provided full administration services to Highland Europe from its Jersey office since 2012.

The details: - Highland Europe describes itself as a growth-stage technology investment firm. - The firm’s recent portfolio milestones include the $3 billion sale of Nexthink, the agreed sale of Huel to Danone, the $7.5 billion merger of EGYM and Playlist, and Bending Spoons’ Nasdaq listing with a market capitalisation of over $18 billion. - Jonny Evans, Director of Private Equity at Aztec Group, said the close reflects the strength of the long-standing partnership and Aztec’s ability to combine specialist market expertise with scalable, technology-enabled solutions. - Ronan Shally, CFO at Highland Europe, said trusted partners have been essential as Highland Europe scales its platform, and said Aztec has been a valued partner since the first fund. - Aztec Group also cited NextEnergy Capital’s US$974 million close of NextPower V as another recent fundraise it supported.

Between the lines: - The announcement positions Aztec Group as a behind-the-scenes infrastructure partner for fund managers, not just a service provider for a single transaction. - Highland Europe’s portfolio exits and corporate actions suggest the firm has been able to convert recent investments into liquidity while still raising new capital. - The repeated emphasis on long-term partnership points to a relationship built on operational continuity, which can matter in complex cross-border fund structures.

What's next: - Fund VI is set to deploy capital into Europe’s next generation of technology companies. - Highland Europe is likely to continue scaling its platform with support from long-standing service partners such as Aztec Group. - Aztec Group is likely to keep targeting similar fund closes as it builds on recent mandates across private markets.