Pride Capital Partners is delighted to announce that it welcomed the European Investment Fund (EIF) as an investor in Pride Mezzanine Capital I FGR, its first private debt fund
In June 2019 Pride Capital Partners has realized a subsequent closing, following an initial closing in July 2018. Welcoming the EIF in this closing is an important landmark for Pride Capital Partners who are currently still in fundraising for a specialized private debt fund.
Since the inception of the fund already three companies, respectively KAIROS GmbH, COYO GmbH and Bright River, have received financing from Pride Capital Partners.
Lars van ‘t Hoenderdaal (Managing Partner Pride Capital Partners): “We are happy to realize this cornerstone investment of EIF and are convinced that, together with EIF, we are able to finance over 15 companies in the software and ICT-market. We expect a final closing of the fund before the end of 2019”.
The EIF uses resources from the European Investment Bank (EIB), the European Commission (EC), EU Member States and is backed under the European Fund for Strategic Investments, part of the Juncker Plan. EIF designs and implement innovative financial instruments providing market-based finance which can be deployed to SME’s via their network of financial intermediaries such as banks and equity- and debt funds.
Pride Capital Partners is a specialized private debt company, which finances profitable and growing companies in the software and ICT market for growth, acquisitions and buy-out transactions. The focus areas Benelux and DACH are targeted from offices in Amsterdam and Cologne.
The funding of Pride Capital Partners comes from its own shareholders, wealthy individuals, family offices, (former) entrepreneurs and institutional investors. The portfolio consists of amongst others OnGuard, DataManagement Professionals, The Valley, Spotzer, Bright River and German companies KAIROS and COYO.