Belgium-based Fortino Capital Partners held a first close on their second growth fund at €125 million, according to the firm’s press release.
Fortino Capital II Growth, which has a target size of €200 million, will invest in European technology scale-up and growth companies in bitesizes of €5 million to €25 million, with a particular focus on Benelux firms.
Limited partners in this fund include Belfius, BNP Paribas Fortis and PMV.
The firm’s debut vehicle closed at €80 million.