Marlin Equity Partners (Marlin), a global investment firm with nearly $10bn in capital commitments focused on the software, technology and services sector, has held the final close of its third European fund, Marlin Heritage Europe III, at its €1bn hard cap.
The fund was oversubscribed and significantly surpassed its target, receiving over 50% more in limited partner commitments than its predecessor. The dund builds on Marlin’s 20-year track record of successfully investing in leading software, technology and services businesses.
The fund attracted strong support from both existing and new investors globally, including public and private pensions, insurance companies, endowments, foundations, consultants and family offices.
Consistent 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 inception, Marlin has closed 13 funds and completed over 260 acquisitions.
Kirkland & Ellis LLP served as legal counsel and UBS Group AG acted as exclusive private placement advisor and placement agent in the formation of Heritage Europe III.
