Target Global Selected Opportunities LP

Target Global Selected Opportunities LP is the growth-stage vehicle, targeting Series B and later rounds with check sizes of $5M–$20M. In contrast, Target Global Ventures focuses on early-stage investments (Seed to Series A) and writes smaller checks. Both are part of the same firm but address different risk and return profiles.

The fund focuses on growth-stage technology companies, typically investing at Series B and later rounds. It prefers companies with proven product-market fit, recurring revenue, and a clear path to scale.

Yes, Target Global often leads or co-leads rounds in the Selected Opportunities fund, taking board seats and providing operational support to portfolio companies. The firm’s approach is hands-on, emphasizing partnerships with founders.

The firm invests primarily in Europe and Israel, with a growing presence in the US. The Selected Opportunities fund targets companies with a European or Israeli nexus, though it participates in syndicates that extend globally.

Target Global was co-founded by Yaron Valler, Alexander Frolov, and Mikhail Lobanov. The firm’s investment committee includes Shmuel Chafets (Managing Partner) and Thomas Rubens (Partner), among others. These individuals oversee the Selected Opportunities fund as part of their overall responsibilities.

The firm's initial capital came from technology entrepreneurs and family offices in Russia and Israel. Target Global now raises capital from institutional investors, including pension funds, endowments, and family offices across Europe and the US.

Target Global operates as a partnership with a management committee that includes the co-founders and senior partners. The firm has not publicly disclosed a formal succession plan, but its multi-partner structure provides redundancy in investment decision-making.