BlackFin Capital Partners Closes €1.8 Billion Financial Services Fund IV

BlackFin Capital Partners, a leading financial services sector specialist in Europe, has successfully closed its BlackFin Financial Services Fund IV at €1.8 billion. The fund received strong demand from institutional investors in Europe, the Americas, and Asia, exceeding its initial target of €1.5 billion. The new fund size provides the firm with 80% more capital to deploy than its predecessor, Fund III.

The fundraising attracted support from both existing investors and 25 new relationships. With the close of Fund IV, BlackFin's total assets under management now amount to €4 billion across its buyout and fintech strategies, establishing the firm's prominence in financial services private investments in Europe. The fund will continue the strategy of investing across asset-light financial services subsegments, focusing on primary transactions and off-market deals, including complex carve-outs of business units from large financial institutions.

 BlackFin has already made its first investments into OpGroen, a carve-out of Aon Netherlands' personal lines insurance business, and is soon to invest in IBS Capital Allies, a leading independent wealth manager. Since raising Fund III, BlackFin has expanded its offices and team, with new offices opened in London and Amsterdam, and the team growing to 50 professionals, including nine partners.

Established in 2009, BlackFin Capital Partners is an independent private equity firm focusing on Financial Services companies in Europe, with offices in Paris, Brussels, Amsterdam, Frankfurt, and London, and a team of 50 investment professionals. The firm has raised €4 billion in commitments and deploys capital from its financial services buyout and fintech venture funds. Read full release here.