About This Fund
Main Capital Partners Continuation Fund I is a EUR 520 million multi-asset continuation fund managed by Main Capital Partners, a leading enterprise software investor based in the Netherlands. The fund closed on May 28, 2025, co-led by Lexington Partners and StepStone Group, two of the world's leading secondaries specialists, with Trinity River Holdings serving as sub-lead.
The fund was established to acquire three high-performing software businesses previously held in Main Capital's earlier fund vehicles: SDB Group, a Dutch provider of healthcare software for hospitals and care institutions; MACH AG, a German govtech company delivering financial and administrative software to public-sector clients; and Bjorn Lunden, a Swedish financial administration software business serving SMEs. The Dutch Cooperatief U.A. structure allowed existing limited partners the optionality to exit and receive liquidity or continue their exposure to the three portfolio companies through the continuation vehicle.
Main Capital Partners manages approximately EUR 6.5 to 6.8 billion in assets under management across the Benelux, DACH, France, Nordics, and United States, with a strategy focused exclusively on enterprise software buyouts. Fund I marks the firm's entry into the continuation fund market, enabling deeper value creation in proven software assets over an extended investment horizon.