Sofindev Management is pleased to announce it has established a new fund, Sofindev V, which will have aggregate commitments of €170 MEUR
Sofindev V raised investor’s commitments for a total amount of €170 million, significantly above the precedent fund Sofindev IV, which closed at € 107 million, and above its target of € 150 million.
Investors are a selected group of entrepreneurs and family investors as well as a limited number of leading institutional investors. Sofina and the Colruyt family, the firm’s long-standing partners, who founded Sofindev 1991, are again backing the team. The Sofindev team is also pleased to welcome entrepreneurs and family co-owners of previous and current Sofindev portfolio companies.
Consistent with the team’s operating experience, Sofindev V will continue to focus on partnering with ambitious entrepreneurs and managers of small and mid-sized companies in attractive market segments. Sofindev V will have a more pronounced Benelux focus, also targeting platform investments in the Netherlands, next to its historical home market Belgium.