Fortino Capital Partners, a Zaventum, Belgium-based investment firm, raised €125m for its second growth fund.
Fortino II Growth, which has a final target of €200m, received support from private investors and entrepreneurs, and a number of institutional investors such as BNP Paribas Fortis, AG, Belfius and PMV.
The new growth fund accompanies the original €80m fund, Fortino Capital I, which currently holds 13 companies active in the software and E-commerce sectors in its portfolio.
The second fund allows Fortino to expand its investments into Benelux-based scale-ups and growth companies providing tickets from €5 to €25m for minority or majority shareholdings in scale-ups and growth companies with a turnover of minimum €5 to €10m.
Led by Duco Sickinghe, Renaat Berckmoes and Matthias Vandepitte, Fortino invests in small and medium-sized companies with growth potential with a focus on technology, E-commerce and digital transformation. Fortino Capital’s portfolio includes Bloomon, BuyBay, Team Leader, Slick Software Solutions, inSided and TrendMiner.