Marlin Equity Partners, an investment firm with nearly $10 billion in capital commitments, announced the final closing of its third European fund, Marlin Heritage Europe III, SCSp (Heritage Europe III), at its €1 billion hard cap. This fFund was oversubscribed and significantly surpassed its target, receiving over 50% more in limited partner commitments than its predecessor. This fund builds on Marlin’s 20-year track record of successfully investing in leading software, technology and services businesses.
The fund received strong support from both existing and new investors globally, including public and private pensions, insurance companies, endowments, foundations, consultants and family offices. Along with previous funds, Heritage Europe III will seek to invest in high-potential software, technology and services companies that will benefit from Marlin’s strong track record of accelerating growth and scaling businesses through go-to-market enhancements, product innovation, operational excellence and strategic M&A. To date, the Fund has already completed investments in Treasury Intelligence Solutions (TIS), Radar Healthcare, Napier AI and Didomi.
Since its founding, Marlin has closed 13 funds and completed over 260 acquisitions.
Advisors: Kirkland & Ellis served as legal counsel and UBS Group AG acted as exclusive private placement advisor and placement agent in the formation of Heritage Europe III.
KEY QUOTES:
“We are thankful for the tremendous support we have received for Heritage Europe III, our largest European-focused fund yet. The success of this fundraise is a testament to the consistency of our investment approach, as well as our proven ability to scale strategic assets and deliver outcomes such that over 75% of our exits have been to strategic acquirers since the firm’s inception. We are incredibly proud of the team, platform and culture we’ve built, which are based on our commitment to exceptional execution and collaborative approach as a firm. We look forward to further scaling our European business and to delivering strong returns for our investors.”
Peter Spasov, Co-President of Marlin
“Marlin has distinguished itself through its deep expertise in the European middle market, established in-region presence and ability to execute value-enhancing initiatives for its investors and portfolio companies. We are humbled by the confidence our growing base of LPs have placed in Marlin and believe we are well positioned to deliver on the compelling market opportunities ahead.”
Jan-Olivier Fillols, a Senior Managing Director of Marlin
