LONDON, October 9, 2025 – Proskauer has advised Main Capital Partners, a leading enterprise software investor operating in Europe and North America, on the successful closing of its €300 million single-asset continuation fund to establish a leading Pan-European GovTech player.
The closing marks the second successful fundraise of a continuation fund for Main Capital Partners, partnering with a long-standing investor in Main Capital Partners and a globally recognized leader in secondary transactions.
The transaction was fully capitalized by a group of existing limited partners, led by funds managed by global private markets investor Hamilton Lane (Nasdaq: HLNE), with Trinity River Holdings serving as sub-lead.
The continuation fund was established to fully acquire the portfolio company ‘xxllnc’, a leading GovTech player based in the Netherlands.
This transaction follows on from our recent work advising Main Capital Partners on the closing of a EUR 520 million multi-asset continuation fund.
The cross-border Proskauer team advising Main Capital Partners was led by partners Chris Elson (Private Investment Funds) and Rob Day (M&A) and included partners Warren Allan and Nigel van Zyl (Private Investment Funds), Mary Kuusisto (Tax), Mary Wilks (Antitrust), John Verwey, Robert Sutton and Nathan Schuur (Regulatory), and special ESG counsel Rachel Lowe (Regulatory). The team also included associates Leo Licheri-Hood, Imaan Gangi and Zuaib Kassam (Private Investment Funds); associates Elliott Dagul, and Anna Sykes (M&A), Philip Lenertz and Elizabeth Gallatin (Tax) and Calum Paton (Antitrust).
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