Israeli private equity fund Fortissimo Capital has begun raising $400 million (NIS 1.6 billion) for a new fund, Globes has reported. This would make the largest fund ever established by the firm.
The new fund is expected to begin operations in 2015.
Founded ten years ago by its managing partner Yuval Cohen, Shmoulik Barashi, Eli Blatt, Mark Lesnick, Yochai Hacohen, and Yoav Hineman, Fortissimo Capital is a private equity fund which invests primarily in technology and industrial companies. It invests in public and private technology companies at inflection points and in special situations.
The fund has raised $500 million in the past ten years, making it one of Israel’s largest. Most recently it closed its third fund for which Fortissimo raised $265 million.