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Main Capital more than doubles AUM to €2.2bn after collecting €1.21bn for two vehicles, aims to consolidate fragmented software market in Europe

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European software investor Main Capital Partners has more than doubled its AUM to €2.2bn thanks to a hefty double fundraise which took less than four months.

The firm closed Main Capital VII on its €2bn hard cap, making it almost twice the size of the €564m Fund VI it raised in 2019. Main also closed its Foundation I fund on its €210m hard cap. About 60% of the capital came from existing investors, the firm said.

 

Main said Fund VII would continue the existing strategy of building profitable and developed enterprise software groups, while the debut Foundation fund would seek out fast-growing enterprise software companies looking for a strategic and financial partner. It is meant for smaller but profitable and high-growth companies operating with strong, modern technology platforms.

 Charly Zwemstra, CEO at Main Capital, said, “We aim to play a key role in the consolidation of the fragmented software market by building leading European software groups, executing strong, fit for purpose business models that drive sustainable growth.”

 Main Capital currently manages a portfolio of 29 software groups.

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