UK-based Resurge Growth Partners launches €120M ‘venture equity’ fund to support high-potential scale-ups

London-based Resurge Growth Partners has launched a €120M “venture equity” vehicle to bridge the gap between venture capital and private equity for high-potential European and Israeli scaleups.

The new vehicle will acquire stakes in companies that have outgrown VC and are seeking new growth opportunities.

Resurge Growth Partners plans to invest through the vehicle in the next three years, with nearly half of the capital already committed by the founding GPs and a leading family office. 

The remaining funds will come from select family offices and high-net-worth individuals, who will contribute on a deal-specific basis. With this backing, Resurge is set to onboard its first portfolio companies by year-end.

Oren Peleg, co-founder of Resurge Growth Partners, says, “There’s a huge gulf between the types of companies a VC will back and those who are ready for private equity. Too many promising businesses are falling into this gap –  founders and CEOs running businesses with great potential, generating healthy revenues, but their scale-rate, TAM, or situation don’t fit the blueprint and criteria VCs or PE firms are looking for.”

“The market isn’t currently serving these ‘venture graduates’ and they are hitting a wall. That’s where the concept of venture equity comes in.”

“We take leading positions in these companies and then dedicate a huge amount of time and energy into unlocking their potential, with the goal of becoming profitable and self-sustaining. Our approach gets them off the VC fundraising merry-go-round and onto solid ground.”

Helping companies move off the venture treadmill

Resurge Growth Partners was founded by Oren Peleg, former MD at Oaktree Capital and ex-CEO of Fitness First, along with co-founder Eyal Malinger, a former Partner at Beringea. 

The firm’s mission is to work with “Venture Graduates”—companies that have outgrown venture capital but are not yet ready for traditional private equity. Using its venture equity model, Resurge will offer capital and operational support to help these companies shift from VC funding to sustainable, profitable growth.

Resurge acquires significant stakes in UK, European, or Israeli companies with over €8M in revenue through buyouts, recapitalisations, or partnerships with existing investors and lenders. They provide capital and support to help these companies achieve sustained profitability. 

While sector-agnostic, Resurge focuses on tech and tech-enabled businesses with established product-market fit. Its approach helps founders unlock value, simplify their cap table, end the cycle of constant fundraising, and shift to a longer-term, profit-driven growth strategy.

Co-founder Malinger says, “When the market turns bearish, many high-potential companies find themselves stranded, unable to secure the funding they need. Conversely, in times of abundant capital, founders often end up with a convoluted cap table that hinders long-term success.”

“At Resurge, we partner with ‘good companies who have the wrong cap table’; businesses with strong fundamentals but misaligned investor base or ones with an operational model that no longer appeals to existing investors. There’s huge potential here, both for the companies and the investors willing to back them in the right way.”

Co-founder Peleg adds, “Having helped build two private equity franchises in the past, I’ve seen first-hand how technology transforms businesses. The availability of advanced AI tools is allowing Resurge to operate at a level of productivity and insight that simply wasn’t possible before.”

“These tools help us pinpoint opportunities faster, make smarter decisions, and unlock value in ways that were previously unimaginable. This enables us to dedicate much more time and far more resources to helping our portfolio companies.”

Resurge Growth Partners LLP is an appointed representative of Robert Quinn Advisory LLP, which is authorised and regulated by the Financial Conduct Authority (FCA).

Brief about the founders

Oren Peleg

Oren Peleg has over 35 years of experience, having worked at Citibank, McKinsey & Co, and Terra Firma Capital Partners. In 2006, he joined Oaktree Capital, helping build their European Private Equity business. 

In 2012, Peleg became Chairman and CEO of Fitness First, where his leadership transformed the company, earning the title “Turnaround of the Decade”. Since 2019, he has focused on investing in and serving as Executive Chair for startups and scale-ups.

Eyal Malinger

Eyal Malinger has over 25 years of experience in technology and investing, with roles at McKinsey, Oaktree Capital, and Countrywide PLC, where he led corporate venture investments. 

In 2016, he became a Partner at Beringea, co-leading the equity investment team and serving on the boards of companies like MPB.com and Zoovu. Malinger also serves on the board of London & Partners, the city’s business and development agency.