- Israel-based private equity firm Fortissimo Capital Fund announced the final closing of its fifth fund called Fortissimo Capital Fund V, L.P. with commitments of $650 million
Israel-based private equity firm Fortissimo Capital Fund announced the final closing of its fifth fund called Fortissimo Capital Fund V, L.P. with commitments of $650 million. And Fortissimo has been operating for more than fifteen years and in total has raised $1.6 billion.
“We’re very gratified,” said Fortissimo founding and managing partner Yuval Cohen. “That our existing investors and several new large and prestigious investors selected to participate in this fund, which quickly became oversubscribed. We see their commitment as a strong vote of confidence in our investment strategy and our ability to work together as a team to enhance the value of our portfolio companies.”
The investors in Fortissimo V are comprised of large institutional investors from the U.S., Europe, and Israel, including state and corporate pension funds, endowments, fund of funds, trusts and insurance companies.
The firm’s first fund was founded in April 2004 and was $80 million. Fortissimo’s second fund was $110 million in 2008. The third fund was $265 million in 2012. And Fortissimo’s fourth fund was $472 million in 2015.
Some of Fortissimo’s biggest exits include the IPO of Kornit Digital Ltd, the IPO of SodaStream, the sale of Diptech to Ferro, the sale of Nur Macroprinters to Hewlett Packard, the sale of Cadent to Align, the sale of Starhome to Telerix, the sale of all of its holdings in Biological Industries to Sartorius AG, and the sale of AOD Software to a U.S. based private equity fund.
The Fortissimo Capital Fund V is a special situations and growth capital Israeli-related private equity fund focused primarily on maturing technology and industrial companies that are at a point of inflection. And Fortissimo’s investment strategy is to achieve capital appreciation through taking a leading role and active approach in Israeli-related global businesses that require immediate and significant change or stimulation of growth.
Along with Cohen, Fortissimo’s founding and managing partner, its other partners include Eli Blatt, Shmoulik Barashi, Marc Lesnick, Yochai Hacohen, Yoav Hineman, Uri Zahavi, Itamar Ophel, and Uri Nayer.
