Main Capital Partners has raised over €5.25 billion across two new funds, Main Capital IX €4 billion and Main Foundation III €1.25 billion, to support its enterprise software investment strategy.
- Main Capital Partners plans to invest in profitable lower mid-market software companies, typically deploying equity tickets between €5 million and €150 million, and to scale those businesses through acquisitions and organic growth. A key part of the strategy is building larger cross-border software groups from fragmented markets.
- The firm will continue focusing on its core regions Benelux, DACH, Nordics, France, and North America, while using the new funds to expand into the United Kingdom for the first time as a major platform market.
- A major theme of the strategy is artificial intelligence in enterprise software, with Main Capital aiming to help portfolio companies adopt AI to improve products, operations, and growth.
"We believe AI is unlocking a new wave of growth and value creation opportunities, and Main’s deep sector expertise, proprietary data capabilities, and disciplined operational approach position the firm well to capture this opportunity for our portfolio companies and our investors alike," explains Charly Zwemstra, Founder and Chief Investment Officer at Main.
- The fundraise was supported by both existing and new institutional investors, including a 120 percent plus re-up rate from existing LPs and new commitments from sovereign wealth funds, pension funds, and insurers across the United States, Asia, and the Middle East. Named investors include State Teachers’ Retirement System of Ohio, Korean Teachers’ Credit Union, and AkademikerPension.
- In total, the raise brings Main Capital’s assets under management to over €12 billion and reflects continued investor appetite for its long-running lower mid-market software buyout strategy.
