INVL Taps EU Software Boom with New Accessible Private Equity Fund

VILNIUS, Lithuania – March 18, 2026 – INVL Asset Management, a leading Baltic alternative asset manager, has launched a new fund designed to provide broader access to the lucrative and rapidly expanding European technology sector. The European Software Private Equity Access Fund, a closed-end vehicle for informed investors, received approval from the Bank of Lithuania on March 17, 2026.

This new feeder fund offers a gateway for investors to participate in the high-performance private equity strategies of Main Capital Partners, a Netherlands-based firm specializing in business-to-business (B2B) software companies across Northern and Western Europe. By significantly lowering the financial barrier to entry, INVL is positioning itself to connect a wider range of sophisticated investors with a market segment traditionally reserved for large institutional players.

Democratizing Access to a High-Growth Sector

The most significant feature of the new fund is its lowered investment threshold. While direct participation in top-tier private equity funds like those managed by Main Capital Partners typically requires commitments of several million euros, INVL's feeder structure allows entry with a minimum of EUR 125,000.

This move directly targets the 'informed investor' category as defined under Lithuanian and broader EU financial regulations. This classification includes not only professional institutions but also individuals who can demonstrate the financial capacity and understanding to engage with complex, higher-risk alternative investments. The EUR 125,000 minimum investment is a key criterion for qualifying under this status, effectively unlocking the asset class for a new demographic of investors, including family offices and high-net-worth individuals seeking portfolio diversification.

„Our group’s newly created fund lowers the investment threshold, enabling entry with a minimum of EUR 125,000, while direct investments in funds of this calibre typically require several million euros,“ said Asta Jovaišienė, Head of the INVL Family Office.

This initiative reflects a broader trend in wealth management toward democratizing access to alternative assets. By creating structured, regulated vehicles like this feeder fund, asset managers are bridging the gap between exclusive private market opportunities and a growing base of sophisticated investors eager to move beyond traditional stocks and bonds.

Tapping into Europe's Digital Transformation Engine

The fund’s focus on B2B software is a strategic bet on the powerful tailwinds of Europe's ongoing digital transformation. Supported by continent-wide initiatives like the Digital Europe Programme—which has an over €8.1 billion budget to fund projects in AI, cybersecurity, and digital skills—the B2B software market is experiencing explosive growth.

Market research projects the European business software market could expand at a compound annual growth rate (CAGR) of over 11% through 2030. The B2B Software-as-a-Service (SaaS) segment is even more dynamic, with some forecasts predicting a CAGR exceeding 26% into the next decade. This growth is fueled by a relentless corporate demand for efficiency, automation, and data-driven insights, spanning sectors from HR management and business process automation to data analytics and supply chain management.

„Europe is increasing its investment in digital technologies, healthcare, and business environment modernisation. This unlocks new growth potential for B2B software companies actively backed by Main Capital Partners’ funds,“ said Jovaišienė.

The investment thesis is built on the resilience of the B2B software business model. These companies are characterized by long-term client contracts and recurring subscription revenues, providing a stable and predictable cash flow that is highly attractive to private equity investors. This stability makes the sector particularly compelling, offering growth potential that is often less volatile than the consumer-facing tech market.

A Strategic Partnership with Proven Specialists

At the core of INVL's offering is the expertise of Main Capital Partners. With approximately €7 billion in assets under management, the Dutch firm has carved out a niche as a premier specialist investor exclusively focused on enterprise software. Its deep industry knowledge is a critical asset in a market that, while growing, remains highly fragmented.

Main Capital Partners employs a 'buy-and-build' strategy, acquiring promising small and medium-sized software companies and then fueling their growth through strategic add-on acquisitions and international expansion. This approach has proven highly successful, with the firm having executed over 300 transactions to date. According to the press release, the successful sale of 38 portfolio companies has generated an aggregate realized return of 44%, though it is noted that past performance does not guarantee future results.

Jovaišienė highlighted the importance of this specialized, hands-on approach. “The European software market is fragmented, making local expertise crucial for success. Main Capital Partners operates through local teams in five countries that maintain direct relations with portfolio company founders. This deep market understanding, combined with strong connections, enables the identification of valuable investment opportunities that are often unnoticed by the broader market,” she added.

Examples of Main Capital Partners' past and present investments illustrate its focus on foundational business technologies, including invoicing software firm WeFact, business process automation platform JobRouter, and procurement solutions specialist Onventis.

INVL's Vision for Alternative Investing

The launch of the European Software Private Equity Access Fund is a clear extension of INVL Asset Management's long-term strategic vision. As part of the Invalda INVL group, which has over 30 years of experience in the region, the firm has established itself as a pioneer in Baltic private equity and alternative markets. This new fund aligns perfectly with its 'open-architecture' policy, which aims to provide clients with a curated selection of both in-house and third-party global investment opportunities.

By partnering with a best-in-class specialist like Main Capital Partners, INVL is not just offering a product but is acting as a facilitator, connecting its regional investor base to international centers of excellence. This move solidifies INVL’s role as a key bridge between Baltic capital and the broader European growth story, further diversifying its offerings beyond its existing strengths in regional private equity, real estate, renewable energy, and private debt. The fund will be distributed by INVL Financial Advisors, which operates under the INVL Šeimos biuras brand in Lithuania.