AnaCap Financial Partners
AnaCap Financial Partners is a London-based mid-market private equity and private credit firm founded in 2005, investing in financial services, software and technology businesses across Europe. The firm has raised three flagship private equity funds (the first closing at EUR 300 million in 2005, the second at EUR 575 million in 2009 and the third at EUR 850 million in 2014), a EUR 300 million maiden continuation fund in 2023, and a separate Credit Opportunities series of loan-portfolio funds (the fourth closing at its EUR 1 billion hard cap in 2019), with assets under management of roughly USD 2.1 billion. The management entity, AnaCap Financial Partners Limited, is registered in the UK and is authorised and regulated by the UK Financial Conduct Authority under firm reference number 912798.
Key facts
Recent exits
Coverage notes
5 funds tracked, 29 portfolio companies (15 active · 14 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
29 companiesFunds & portfolio
Every fund AnaCap Financial Partners has raised, with its portfolio companies. Hand-checked from public filings.
AnaCap Buyout IIBuyout2024 · 2yr€320M6 active
Unrealized
6 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Business Services |  Luxembourg | 2025 | |
| Business Services |  Italy | 2026 | |
| Software |  France | 2024 | |
| Business Services |  Netherlands | 2025 | |
| InsurTech | Italy | 2025 | |
| Real Estate | Italy | 2024 |
Luxembourg· Entry 2025Italy· Entry 2026France· Entry 2024Netherlands· Entry 2025Italy· Entry 2025Italy· Entry 2024AnaCap Continuation FundSecondaries2023 · 3yr€300M2 active
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Software |  Spain | 2023 | |
| InsurTech |  Germany | 2023 |
Spain· Entry 2023Germany· Entry 2023AnaCap Financial Partners IIIBuyout2014 · 12yr€850M7 active · 9 realized
Unrealized
7 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| InsurTech | Spain | 2022 | |
| Fintech | France | 2020 | |
| Financials | Poland | 2015 | |
| Software |  Norway | 2022 | |
| Fintech |  UK | 2020 | |
| Software | Spain | 2022 | |
| Software | Germany | 2021 |
Spain· Entry 2022France· Entry 2020Norway· Entry 2022UK· Entry 2020Spain· Entry 2022Germany· Entry 2021Realized
9 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| InsurTech | France | 2014 | 2018 | Trade Sale | – | ||
| InsurTech | UK | 2014 | 2021 | Trade Sale | – | ||
| Data & Analytics | France | 2017 | 2019 | Trade Sale | |||
| Software | Germany | 2021 | 2025 | Trade Sale | – | ||
| Software | Spain | 2020 | 2023 | Continuation Vehicle | – | ||
| Fintech | Germany | 2017 | 2019 | Trade Sale | – | ||
| Financials | France | 2016 | 2026 | Trade Sale | – | ||
| InsurTech | Germany | 2021 | 2023 | Continuation Vehicle | – | ||
| InsurTech |  Denmark | 2019 | 2023 | Trade Sale |
AnaCap Financial Partners IIBuyout2009 · 17yr€575M0 active · 4 realized
Realized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Financials | UK | 2011 | 2013 | Trade Sale | – | ||
| Financials | Czech Republic | 2011 | 2021 | Trade Sale | – | ||
| Financials | Isle of Man | 2012 | 2017 | Trade Sale | |||
| InsurTech | UK | 2013 | 2016 | Secondary |
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About AnaCap Financial Partners
AnaCap Financial Partners is a UK sector-specialist private equity firm dedicated exclusively to European financial services, with $1.8 billion of assets under management as of December 2024 (cumulative €2.7 billion raised across funds and co-investment vehicles since inception), headquartered in London. The firm was founded in 2005 and is led by Managing Partner Nassim Cherchali since January 2023. AnaCap remains a partner-owned independent firm, FCA and SEC registered, with the credit arm spun out as Veld Capital in 2022.
Investment thesis
AnaCap deploys capital through approximately four flagship private equity funds plus co-investment vehicles into mid-market buyouts and growth investments across software, technology and services within the European financial services ecosystem. Sector focus spans banking technology, insurance platforms, payments, wealth and asset management, regtech and financial advisory, with geographic deployment across the UK, France, Germany, Italy, Spain, Benelux, Nordics, Switzerland and Luxembourg. The platform has executed more than 110 deals over two decades, with embedded operating expertise enabling deep partnership across the pan-European financial services value chain.
Recent activity
Recent realised exits include software (Germany, 2025). Recent acquisitions include Fiduciaire Jean-Marc Faber (advisory, Luxembourg, 2025), Cleva (software, France, 2025), DK Accountants and Adviseurs (advisory, Netherlands, 2025), Edge Group (2025), RYZE (services, Italy, 2024) and Ubimia (software, Spain, 2024). The platform continues to deploy capital across its pan-European financial services thesis. Detailed buyer names and multiple data available on Pro at €29/month.
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United Kingdom·€2.8BGet the full picture on AnaCap Financial Partners.
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