About This Fund
Pride Capital Partners has held a €75 million first close for Pride Capital Partners Fund III, the latest vintage in its specialist strategy backing later-stage technology companies. The vehicle is targeting €150 million, with a €200 million hard cap, and already counts the European Investment Fund and other repeat backers among its LP base.
Fund III will extend Pride’s debt-led, minority-equity approach to B2B software and managed ICT services businesses across Northwestern Europe—principally the Benelux, DACH and Nordic regions. By combining mezzanine loans with selective equity, the firm offers founder-friendly capital that funds organic expansion, buy-and-build programmes and management buy-outs without ceding control.
Building on two top-quartile predecessors, PCP Fund III will write tickets of roughly €2–20 million, focusing on companies with scalable recurring revenue (> €3 million) and positive EBITDA. Early deployments include Belgium’s Tyneso and Denmark’s CCIT, illustrating a healthy pipeline as the fund marches toward a final close later this year.