About This Fund
The xxllnc Main Continuation Fund is a €300 million single-asset continuation vehicle established by Main Capital Partners to acquire full ownership of xxllnc, a leading Dutch GovTech software provider. This transaction offers liquidity to existing investors while allowing continued support for xxllnc’s long-term value creation strategy.
Since Main Capital’s initial investment in 2020, xxllnc has grown significantly through both organic initiatives and 12 strategic acquisitions. With this new fund structure, Main Capital aims to further support the company’s scale-up and consolidate its position in the European GovTech landscape.
A key component of the strategy involves international expansion, marked by the recent combination with Norway-based Documaster, a public sector archiving and document management software company. This step represents the foundation of a broader pan-European GovTech platform.
The continuation fund gives xxllnc additional capital and time to pursue its buy-and-build and geographic expansion strategy under the continued leadership of Main Capital. The investor base includes re-committed existing LPs and new entrants, led by Hamilton Lane, with Trinity River as sub-lead investor.