Main Capital holds €12m first close for third fund

The GP committed a minimum of €3.5m, corresponding to around 5.8% of total commitments if the fund was to close on its €60m target. It has a minimum subscription of €400,000 for retail investors and €2m for institutional investors, with a management fee of 2% and carry set at 20%. Subscriptions before November 15, 2011 were exempt from the 1.5% placement fee.

Investors
LPs currently consist of Swiss fund-of-funds Akina, a number of families, and high-net-worth individuals.

Investments
The fund focuses on software companies in the Benelux region. Investments will range from €2m to €6.5m, supporting businesses with a mix of growth capital (50%) and equity for MBOs (50%). The vehicle is expected to complete its first investment in August.

People
Managing partners Charly Zwemstra and Lars van ‘t Hoenderdaal, senior investment manager Pieter van Bodegraven and business analyst Sven van Berge Henegouwen will manage the fund.

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