Fortissimo Capital Fund, a Rosh Ha’Ayain, Israel-based special situations private equity firm based in Israel, held the final closing of its fourth fund, with commitments of $470m.
Fortissimo Capital Fund IV, L.P., is a special situations and growth capital Israeli-related private equity fund focused primarily on maturing technology and industrial companies that are at a point of inflection.
Investors in Fortissimo IV included state and corporate pension funds, endowments, fund of funds, trusts and insurance companies from the U.S., Europe and Israel.
Led by Yuval Cohen, founding and managing partner, Eli Blatt, Shmoulik Barashi, Marc Lesnick, Yochai Hacohen and Yoav Hineman, Fortissimo manages close to $1 billion through four funds. Its first fund was founded in April 2004, and raised $80 million. The second fund raised $110 million in 2008. Fortissimo’s third fund raised $265 million in 2012.
Exits include the initial public offering of Kornit Digital Ltd (Nasdaq: KRNT); the initial public offering of SodaStream International Ltd (Nasdaq: SODA); the sale of Nur Macroprinters Ltd. to Hewlett Packard; the sale of Cadent Inc. to Align Inc.; and the sale of AOD Software Inc. to a U.S. based private equity fund.