Strada Partners heads for 2024 final close for EUR 150m debut fund

The sponsor is seeking commitments from global private and institutional investors as the fundraise continues, he noted.

The fund held a EUR 85m first close earlier this year. Its commitments are mainly from private investors from the co-founders’ network, with a quarter of the capital raised to date from abroad, as reported in Belgian media.

The vehicle has so far been deployed across two investments, both of which are Belgium-based: workforce scheduling software provider Toba HR Solutions and IT infrastructure provider Axi.

The GP plans to deploy the fund across six more portfolio companies, targeting technology, healthtech and business services companies that are headquartered anywhere across the EU, he noted.

The sponsor always takes majority stakes, with tickets ranging from EUR 5m-EUR 50m.

Strada actively supports a buy-and-build strategy of its portfolio companies and expects to have a typical holding period of more than 10 years. Its strategy is “turning diamonds in the rough into long-term compounders,” Vandepitte said.

The firm was launched last year by co-founders Vandepitte and Bart Wouters. Vandepitte worked previously in Belgian venture capital firms Gimv and Fortino, while Wouters worked at Bain Capital and Core Equity Holdings.

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