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.
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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.