Overview of the Main Capital Fund

Main Capital is a specialized private equity firm focused exclusively on B2B software companies operating on a SaaS model, with a business model based on recurring subscription revenue. Positioned in the lower mid-market segment, it targets companies with revenues of less than €150 million—a segment that is generally riskier but in which Main is able to significantly limit losses through a highly rigorous selection process.Its strategy rests on three defensive pillars: high recurring revenue, mission-critical services for clients, and disciplined management focused on profitability. Unlike other software firms that prioritize growth at the expense of profitability, Main adopts a balanced approach, combining growth with financial strength.Value creation relies primarily on an intensive buy-and-build strategy, executed in a structured and repeatable manner thanks to a playbook proven over nearly 20 years. The organization is highly institutionalized, with strong sector-specific and operational expertise, enabling it to effectively support portfolio companies despite the small scale of the transactions.Historically, Main Capital high and consistent returns, with an average multiple of approximately 2.8x and an IRR 27%, while maintaining a very low loss rate and limited use of debt. This positioning gives the fund a particularly attractive asymmetric risk/return profile, combining high performance potential with effective risk management.