– Main Capital Partners announced the successful close of Main Capital IX and Main Foundation III with combined commitments exceeding €5.25 billion.
– Main Capital IX closed at its hard cap of €4 billion, while Main Foundation III reached its hard cap of €1.25 billion.
– The new funds represent more than double the size of their predecessor funds and increase Main’s total Assets under Management (AUM) to over €12 billion.
– Both funds were oversubscribed, highlighting strong investor demand for Main’s lower mid-market Enterprise Software investment strategy.
– Existing limited partners (LPs) showed strong support, with a re-up rate exceeding 120%.
– New investors joined from the United States, Asia, and the Middle East, including sovereign wealth funds, public pension funds, and insurance companies.
– Notable investors include Hamilton Lane, the State Retirement System of Ohio, the Korean Teachers’ Credit Union, and AkademikerPension.
– Main’s fundraising success was achieved despite a challenging global fundraising environment and geopolitical uncertainty.
– Over its 20+ year history, Main has completed 38 exits with a weighted average gross return of 4.7x and a loss rate below 0.5%.
– The firm will continue investing between €5 million and €150 million in profitable Enterprise Software companies.
– Main’s strategy focuses on building larger software groups through organic growth and targeted acquisitions.
– Core investment regions remain Benelux, DACH, the Nordics, France, and North America.
– Main will expand its investment activities into the United Kingdom, targeting platform investments in one of Europe’s most mature software markets.
– The firm sees significant opportunities arising from the rapid adoption of artificial intelligence across Enterprise Software sectors including HealthTech, GovTech, Infrastructure, and PropTech.
– Main currently manages a portfolio of more than 55 Enterprise Software companies and leverages proprietary market intelligence and performance optimization capabilities.
– Founder and CIO Charly Zwemstra described the €5+ billion fundraising as a strong validation of Main’s long-term strategy and investor confidence.
– Partner and Head of Fund Structuring & Investor Relations Jorn de Ruijter highlighted the fundraising pace, scale, and 120%+ re-up rate as evidence of Main’s strong LP relationships and investment performance.
– The new funds will support continued software market consolidation in Europe and the U.S., expansion into the UK, and AI-driven growth opportunities.
