Israeli private equity firm Fortissimo Capital announced today the final closing of its sixth fund, Fortissimo Capital Fund VI, L.P., with commitments of $1.06 billion. The fund will focus on special situations and growth opportunities. Fortissimo has been operating for close to twenty years and has raised an aggregate of ~$2.7 billion.
Fortissimo’s founding and managing partner Yuval Cohen said, “We’re very gratified that our existing investors and several new large and prestigious investors selected to participate in this fund, which quickly became oversubscribed. We see their commitment as a strong vote of confidence in our investment strategy and our ability to work together as a team to enhance the value of our portfolio companies.”
Investors in Fortissimo VI include large US, European and Israeli institutional investors including: state and corporate pension funds, endowments, fund of funds, trusts and insurance companies.
Fortissimo’s first fund was founded in April 2004 and raised $80 million. Fortissimo’s second fund raised $110 million in 2008 and its third fund raised $265 million in 2012. Fortissimo’s fourth fund raised $472 million in 2015. Fortissimo’s fifth fund raised $650 million in 2020.
Fortissimo Capital Fund VI is a special situations and growth capital Israeli-related private equity fund focused primarily on maturing technology and industrial companies that are at a point of inflection. Fortissimo’s investment strategy is to achieve capital appreciation through taking a leading role and active approach in Israeli-related global businesses that require immediate and significant change, or stimulation of growth and by building business fundamentals to facilitate sustainable long-term growth and value creation.
Some of Fortissimo’s notable exits include: Kornit Digital Ltd (Nasdaq: KRNT) IPO; SodaStream International Ltd (Nasdaq: SODA) IPO; the sale of Diptech to Ferro (NYSE: FOE), the sale of Nur Macroprinters Ltd. to Hewlett Packard; the sale of Cadent Inc. to Align Inc.; t the sale of Breezometer to Google, the sale of Starhome to Telerix; the sale of Cardo to EMK;, the sale of all of our holdings in Biological Industries to Sartorius AG (SRT.GR), and the sale of AOD Software Inc. to a US based private equity fund.
