Israeli private equity firm Fortissimo Capital announced today the closing of its fourth fund, Fortissimo Capital Fund IV, with commitments of $470 million.
Investors in Fortissimo IV come from the U.S., Europe and Israel, including: state and corporate pension funds, endowments, fund of funds, trusts and insurance companies.
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“We’re very gratified, ” said Yuval Cohen, Fortissimo’s founding and managing partner “that several new large and prestigious investors decided to invest in this fund, which quickly became substantially oversubscribed. We see their participation as a strong vote of confidence in our investment philosophy and our ability to work with managers to enhance the value of our portfolio companies.”
Fortissimo manages close to $1 billion through four funds. Its first fund was founded in April 2004, and raised $80 million. Fortissimo’s second fund raised $110 million in 2008.
Fortissimo’s third fund raised $265 million in 2012. Some of Fortissimo’s notable exits include: the initial public offering of Kornit Digital Ltd KRNT, +0.03% ; the initial public offering of SodaStream International Ltd SODA, -1.49% ; the sale of Nur Macroprinters Ltd. to Hewlett Packard; the sale of Cadent Inc. to Align Inc.; and the sale of AOD Software Inc. to a U.S. based private equity fund.
Fortissimo Capital Fund IV, is a special situation 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.
In addition to Yuval Cohen, Fortissimo’s founding and managing partner, its other partners include: Eli Blatt, Shmoulik Barashi, Marc Lesnick, Yochai Hacohen and Yoav Hineman.
