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Laxman Pai, Opalesque Asia: Global software and technology investment firm Marlin Equity Partners has completed fundraising for its third European investment vehicle, securing €1 billion ($1.2 billion) from global investors.
Marlin Heritage Europe III closed at its hard cap and bested the predecessor fund that closed at €675 million in June 2021.
"The Fund was oversubscribed and significantly surpassed its target, receiving over 50 percent more in limited partner commitments than its predecessor. The Fund builds on Marlin's 20-year track record of successfully investing in leading software, technology, and services businesses," said a press release from the investment firm headquartered in Hermosa Beach, California.
The Fund received strong support from both existing and new investors globally, including public and private pensions, insurance companies, endowments, foundations, consultants and family offices, it said.
"Consistent with previous funds, Heritage Europe III will seek to invest in high-potential software, technology, and services companies that will benefit from Marlin's strong track record of accelerating growth and scaling businesses through go-to-market enhancements, product innovation, operational excellence, and strategic M&A. To date, the Fund has already completed investments in Treasury Intelligence Solutions (TIS), Radar Healthcare, Napier AI, and Didomi," the release added.
"We are thankful for the tremendous support...................... To view our full article Click here
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