Netherlands-based Main Capital has held a first closing of its software-focused fund, Main Capital III, on €12m.
Investors in Main Capital III include Swiss fund of funds Akina and a number of families and wealthy entrepreneurs, the firm said.
Main Capital III has a target size of €60m, with management committing at least €3.5m to the fund.
It expects to close a first investment in a buyout of a Netherlands-based international software firm in August, the firm said.
Current investments include IASO Backup Technology, SecondFloor, Visionwaves, EuroSystems and Sharewire.
Akina recently held an interim closing for its Euro Choice V fund on €173.5m.
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