LONDON, June 9, 2025 – Leading international law firm Proskauer today announced that it advised Main Capital Partners, a leading enterprise software investor operating in Europe and North America, on the formation and closing of its maiden continuation fund, with a total of EUR 520 million in commitments.
The transaction was fully capitalized by a group of new and existing limited partners, co-led by Lexington Partners and StepStone Group, with Trinity River Holdings, LP serving as sub-lead. The fundraise experienced significant demand from globally recognized leaders in secondary transactions.
The continuation fund was established to acquire a diversified group of three strong-performing portfolio companies across several Main Capital Partners funds.
This transaction has provided existing investors with optionality, offering either liquidity or the opportunity to continue investing in the growth trajectories of the three high-performing companies involved. Additionally, the fund provides the portfolio companies with additional time and capital to pursue further value-accretive buy-and-build strategies under the continued stewardship of Main Capital Partners.
The cross-border Proskauer team advising Main Capital Partners was led by partners Chris Elson (Private Investment Funds), Warren Allan (Private Investment Funds) and Rob Day (M&A) and included partners Nigel van Zyl (Private Investment Funds), Mary Kuusisto and Stephen Pevsner (Tax), Mary Wilks (Antitrust) and John Verwey (Regulatory), and special ESG counsel Rachel Lowe (Regulatory). The team also included associates Imaan Gangi, Leo Licheri-Hood Billy Sin (Private Investment Funds); associates Matt Clift, Elliott Dagul, and Katie Bunce (M&A), Philip Lenertz and Elizabeth Gallatin (Tax) and Calum Paton (Antitrust).