Pride Capital Partners Announces First Close of Fund III
Funding | Jun 12, 2025 | Pride Capital Partners BV
Pride Capital Partners (PCP), a specialized investor targeting later-stage B2B software and ICT service firms in Northwestern Europe, has announced the first close of its latest investment fund, Pride Capital Partners Fund III (PCP Fund III). Nearly half of the fund’s €150 million target has been secured, with a hard cap of €200 million. Building on top-quartile results of previous funds, PCP Fund III continues to focus on providing flexible, debt-focused financing to scalable, non-sponsored software and IT companies in the Benelux, DACH, and Nordic regions. A significant commitment came from longstanding backer and existing investor, the European Investment Fund (EIF). Early investments from the new fund include Tyneso in Belgium and CCIT in Denmark, supporting growth and expansion activities in these regions. Lars van t Hoenderdaal, Founder and Managing Partner, emphasized the continued commitment to enabling exceptional founders and management teams to scale on their terms.
Sectors
- Private Equity
- Software and IT Services
Geography
- Northwestern Europe – Pride Capital Partners operates within Northwestern Europe, with a focus on the Benelux, DACH, and Nordic regions.
- Benelux – The region is a primary focus of Pride Capital Partners' investments, as evidenced by their investment in Belgian-based Tyneso.
- DACH – This region is part of Pride Capital Partners' core investment area, valued for its scalable companies.
- Nordics – The Nordic region is another core area for Pride Capital Partners, indicated by their investment in Danish company CCIT.
Industry
- Private Equity – The article discusses the first close of a private equity fund initiated by Pride Capital Partners, indicating involvement in private equity activities focused on later-stage companies.
- Software and IT Services – Pride Capital Partners focuses on providing capital to B2B software and managed ICT services companies, as evidenced by their initial investments in Tyneso and CCIT.
Financials
- €150 million (target) / €200 million (hard cap) – The financial target and maximum limit for Pride Capital Partners Fund III.
- Nearly €75 million – The amount raised during the first close of Pride Capital Partners Fund III.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Pride Capital Partners | Private Equity Firm | Company | A specialist investor focusing on later-stage B2B software and managed ICT services companies across Northwestern Europe. |
| European Investment Fund (EIF) | Investor | Company | A key investor providing ongoing support to Pride Capital Partners' strategies within the fund. |
| Tyneso | Portfolio Company/Investment Target | Company | A Belgian IT services provider, backed by Pride Capital Partners for organic growth and buy-and-build ambitions. |
| CCIT | Portfolio Company/Investment Target | Company | A Danish full-service IT company, supported by Pride Capital Partners to expand through acquisitions in Denmark. |
| Lars van t Hoenderdaal | Founder and Managing Partner | Person | Founder and managing partner of Pride Capital Partners, with a strong background in software and technology financing. |