BlackFin Closes on €1.8B FinSer-dedicated Buyout Fund

BlackFin Capital Partners has raised €1.8B (~$1.95B) on the final close of its BlackFin Financial Services Fund IV, which it claims is the largest ever buyout fund dedicated to investing across asset-light financial services subsegments.

In an October 17 press release, BlackFin said Fund IV was oversubscribed, exceeding its target size of €1.5B (~$1.62B), backed by existing investors and 25 new relationships across Europe, North America, and Asia. Fund IV represents an 80% increase of deployable capital from its predecessor Fund III, which closed at €985M (~$1B), and brings BlackFin’s total AUM after Fund IV commitments to €4B (~$4.3B).

Rede Partners served as global fundraising advisor for BlackFin, with Jasmin Capital as local fundraising agent and Willkie Farr & Gallagher LLP as legal advisor.

Fund IV is part of a series that invests in asset-light financial services subsegments. BlackFin said it has already made a first investment in OpGroen, the personal lines insurance business of the Aon Netherlands, and is expecting to invest in independent wealth manager IBS Capital Allies.

View the press release here.

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