Pride Capital Partners announces first close of fund III

Pride Capital Partners (“PCP”), a specialist investor focused on later-stage B2B software and managed ICT services companies across Northwestern Europe, is proud to announce the first close and initial investments from its latest vehicle, Pride Capital Partners Fund III (“PCP Fund III”).

The first close, securing nearly half of the fund’s €150 million target (with a hard cap of €200 million), reflects strong commitment from both new and existing investors to the PCP strategy. Building on the top-quartile performance of PCP Fund I and II, the new fund continues Pride’s focus on providing flexible, debt-led financing solutions to non-sponsored, scalable software and IT companies across the Benelux, DACH, and Nordics.

The raise was driven by strong support from existing investors, including a renewed commitment from the European Investment Fund (EIF), a long-standing backer of PCP’s strategy. Fund III also benefits from a solid seed portfolio and a healthy deal pipeline across its core regions.

The first two investments from Fund III include IT services provider Tyneso (Belgium), which PCP has backed with a financing solution to accelerate organic growth and enable buy-and-build ambitions; and CCIT (Denmark), a full-service IT company, which PCP will actively support to expand across Denmark through targeted acquisitions and operational scaling.

“These new investments from our third fund confirms the potential of our strategy and the trust we’ve earned,” said Lars van ’t Hoenderdaal, Founder and Managing Partner of Pride Capital Partners. “Having worked in software and technology financing since 1997, I’ve seen how the right capital partner can unlock real value. With Fund III, we’re deepening our commitment to helping exceptional founders and management teams scale sustainably on their own terms.”

About Pride Capital Partners

Pride Capital Partners is a specialist investor focused on later-stage B2B software and ICT services companies across Northwestern Europe. With offices in Amsterdam, Cologne, and Copenhagen, the firm provides flexible financing solutions to support the growth and transformation of scalable, founder-led businesses.