Main Capital Partners has closed its first continuation fund with €520m in commitments, securing backing from new and existing investors, including Lexington Partners, StepStone Group, and Trinity River Holdings, LP.

The fund will acquire partial stakes in three portfolio companies: SDB (Netherlands), MACH (Germany), and Björn Lundén (Sweden), all operating in enterprise software segments such as healthcare, government technology, and financial administration. The continuation fund provides liquidity options for existing investors while extending support for the companies’ long-term growth and acquisition strategies under Main Capital’s stewardship.

Charly Zwemstra, Managing Partner and CIO at Main Capital, said: “This transaction aligns perfectly with our strategy to build large, resilient software groups in core markets like HealthTech, GovTech, and Financial Administrative software.”

Jorn de Ruijter, Head of Fund Structuring and Investor Relations, added: “This fund gives investors the choice to exit at a market-driven price or remain invested for future upside, while enabling the companies to pursue their growth ambitions.”

Main Capital Partners manages approximately €6.5bn in assets across the Benelux, DACH, France, the Nordics, and the US, with a team of 90 professionals and a portfolio of more than 45 software companies employing over 12,000 people.

Lexington Partners and StepStone Group, co-leads of the fund, bring significant secondary market experience, managing $76bn and $698bn respectively across private markets strategies.

The transaction marks another milestone for Main Capital following its recent acquisition of a majority stake in Norwegian fintech firm Aritma.

Source: Silicon Canals

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