BlackFin Capital Partners closes Europe’s largest ever buyout fund dedicated to asset-light financial services at €1.8 billion

BlackFin Capital Partners, Europe’s leading financial services sector specialist, has announced the final close of BlackFin Financial Services Fund IV at €1.8 billion. Driven by strong demand from institutional investors in Europe (45%), the Americas (45%) and Asia (10%), the new fund size significantly exceeded its €1.5 billion target and represents an 80% increase on its €985m predecessor Fund III.

BlackFin Capital Partners, Europe’s leading financial services sector specialist, has announced the final close of BlackFin Financial Services Fund IV at €1.8 billion. Driven by strong demand from institutional investors in Europe (45%), the Americas (45%) and Asia (10%), the new fund size significantly exceeded its €1.5 billion target and represents an 80% increase on its €985m predecessor Fund III.

The fund attracted strong support from both existing and new investors, with a re-up rate of 100%, 25 new relationships, and new money in excess of €800m. BlackFin’s global base of LPs is well diversified and includes Public Pension Funds, Sovereigns, Fund of Funds, Insurance & Asset Managers, Endowments and Family Offices.

This is the third time that Rede has partnered with BlackFin on its successful fundraising. The close of Fund IV brings BlackFin’s total assets under management to €4 billion across its complementary buyout and fintech strategies, cementing the firm's leadership in financial services private investments in Europe. With more than 110 transactions since its inception in 2009, BlackFin is by far the most active investor in this space in Europe.

Fund IV will continue BlackFin’s proven strategy of investing across asset-light financial services subsegments. Insurance brokerage and processing platforms, wealth-management and financial advisory, asset management, payments, and financial software or processing providers benefit from significant tailwinds for growth, such as increasing demand from financial consumers for advice, new technologies and changing regulation.

Rede Partners is proud to have continued its partnership with BlackFin on this successful fundraise.