Fortissimo Capital closes fourth fund on $470m

The Israeli fund focuses on special situations

Israel-based Fortissimo Capital has closed its fourth fund on $470 million. The fund has been in market since late last year, and beat its target.

Like predecessor vehicles, Fund IV will focus on special situations and providing growth capital to Israeli companies.

“We're very gratified,” said Yuval Cohen, Fortissimo's founding and managing partner “that several new large and prestigious investors decided to invest in this fund.”

Fortissimo’s third fund closed on $265 million in 2012.

Known investors in Fund IV include the State of Wisconsin Investment Board, which committed $35 million earlier this month, PEI reported at the time.

The firm has been in the news for a few high profile exits including the initial public offering of SodaStream International and the sale of Nur Macroprinters Ltd. to Hewlett Packard.