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Laxman Pai, Opalesque Asia: European software investor Main Capital Partners has raised EUR 1bn for Main Capital VII, as well as EUR 210m for Main Capital Foundation I, a new strategy that will focus on earlier-stage companies.
Following the launch of Main Capital VII and Main Foundation I, Main's total assets under management (AUM) have more than doubled, to approximately EUR2.2 billion, said a press release from the Netherlands-based private equity company.
Main will deploy these funds to further grow and develop strong European software groups in multiple market segments, targeting local buy-and-build strategies as well as cross-border growth.
"More than 60 percent of the capital raised in the new funds came from the pre-existing investor base. The rest comes via new relationships with reputable institutions such as pension funds, asset managers, family offices, and high-net-worth individuals," the release said.
Charly Zwemstra, Chief Executive Officer of Main Capital, said: "We aim to play a key role in the consolidation of the fragmented software market by building leading European software groups, executing strong, fit for purpose business models that drive sustainable growth."
Main Capital VI, the previous flagship fund, closed in 2019 at a €564 million hard-cap. Its successor announced today, Main Capital VII has closed at a hard-cap of €1 billion, while the new fund initiative Main Foundation I has closed, in tandem, at its hard-cap of €210 million...................... To view our full article Click here
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