Fortino Capital Closes Oversubscribed PE III Fund at €700 Million

Fortino Capital, a specialist European investor in B2B SaaS companies, led by Duco Sickinghe, Renaat Berckmoes, and others, has announced the final close of its third private equity fund (“Fortino PE III”) at an extended hard cap of €700 million, surpassing its initial €600 million target, with strong support from both existing and new institutional investors across Europe and the US.

Fortino PE III is around 85% larger than its predecessor and attracted a diverse base of institutional LPs, including leading US pension funds and endowments, as well as European banks, consultants, family offices, and sovereign wealth funds.

With this close, Fortino has raised over €1.5 billion across six core funds, cementing its position as a leading European investor. The firm has completed more than 70 investments and nearly 30 exits, driven by a disciplined focus on mission-critical B2B SaaS companies, particularly in the Benelux and DACH regions, where software adoption remains relatively low.

The final close of Fortino PE III follows an active 2025, with five new platform investments and a successful growth transaction in Cenosco led by Summit Partners, delivering a strong return to Fortino PE I investors. The fund has already backed three new platforms focused on mission-critical software: Modell Aachen (quality and compliance automation), Seenons (data-driven circular-economy and waste optimisation), and MEHRWERK (process intelligence and real-time analytics).

The raise reflects strong investor confidence in Fortino’s hands-on value-creation approach, supported by a team of experienced software operators and Operating Partners with deep expertise across go-to-market, product, AI, and scaling B2B SaaS businesses.