
Main Capital holds €85m final close for fourth fund
Dutch GP Main Capital Partners has held a first and final close on the €85m hard-cap of its Main Capital IV (MC IV) fund, which focuses on the software industry in Benelux and Germany.
The private equity firm said it had seen substantial demand from new and existing investors, thus enabling it to surpass its initial target of €75m.
Main Capital launched the fund in May this year and has already made the first acquisition with the vehicle, taking a majority stake in Dutch software producer Roxit in July. The GP said it would announce a further acquisition of a Dutch software group before the end of October.
Investments
MC IV will invest in growing and profitable software companies with more than €4m in revenues. Geographically, the fund will target the Benelux region and Germany. Around a third of the vehicle will be deployed in the latter, either through bolt-ons for the GP's Dutch portfolio companies or for direct investments.
Main Capital will co-invest at least €4m with MC IV.
Investors
The capital committed to MC IV has come from new and existing investors, mainly large institutional investors, family offices and private individuals, according to the GP.
People
Charly Zwemstra is the managing partner of Main Capital.
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