Proskauer Advises Main Capital Partners on €520 Million Fund
Funding | Jun 09, 2025 | Proskauer Rose (UK) LLP
Leading international law firm Proskauer has successfully advised Main Capital Partners on the formation and closing of their maiden continuation fund, achieving a total of EUR 520 million in commitments. The transaction was backed by new and existing limited partners, with Lexington Partners and StepStone Group co-leading the capital raise, and Trinity River Holdings, LP, serving as sub-lead. This continuation fund is designed to acquire a diverse group of three high-performing portfolio companies from existing Main Capital Partners funds, offering liquidity or continued investment options to existing investors. It further provides these companies with additional resources to sustain buy-and-build strategies under Main Capital Partners' leadership. Proskauer's cross-border team, comprising experts from Private Investment Funds, M&A, Tax, Antitrust, and Regulatory fields, led this effort. Proskauer is renowned for delivering pragmatic and strategic legal solutions on a global scale, specializing in the private equity, venture capital, and broader investment management industries.
Sectors
- Private Equity
- Legal Services
- Enterprise Software
Geography
- UK – The legal advisory services for the fund closure were provided by Proskauer Rose (UK) LLP, and several team members involved are UK-based.
- Europe – Main Capital Partners is a Europe-focused enterprise software investor, emphasizing the importance of the European market in their operations.
- North America – Main Capital Partners operates in North America, highlighting the cross-border nature of their investment activities.
Industry
- Private Equity – The article centers around Main Capital Partners, a leading entity in the private equity sector, and their strategic fund closure facilitated by Proskauer.
- Legal Services – Proskauer, a law firm, provided legal and strategic advisory services necessary for the continuation fund's formation and closure.
- Enterprise Software – Main Capital Partners is specifically invested in the enterprise software industry, which is a key focus for their investment strategy.
Financials
- EUR 520 million – The total commitments raised for the continuation fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Main Capital Partners | Fund Manager | Company | A leading enterprise software private equity investor operating in Europe and North America. |
| Proskauer Rose (UK) LLP | Legal Advisor | Company | An international law firm providing legal services for the formation and closing of the continuation fund. |
| Lexington Partners | Co-lead Investor | Company | A major investor co-leading the capitalization of the continuation fund. |
| StepStone Group | Co-lead Investor | Company | A significant investor, co-leading the transaction and funding. |
| Trinity River Holdings, LP | Sub-lead Investor | Company | An investor involved in the continuation fund as a sub-lead. |