Blackfin Capital Partners
BlackFin Capital Partners is the leading pan-European Financial Services PE platform, founded 2009 in Paris. EUR 4bn raised across 6 funds (Fund I 2011 EUR 220M, Fund II 2016 EUR 400M, Fund III 2019 EUR 980M, Fund IV 2024 EUR 1.8B, Tech 2018 EUR 180M, Tech 2 2022). 110+ deals lifetime. 50+ people across 5 offices (Paris, Amsterdam, Brussels, Frankfurt, London). Targets asset-light financial businesses: asset management, brokerage, insurance distribution, banking, payments, fund administration, BPO, and financial software.
Key facts
Recent exits
Coverage notes
6 funds tracked, 46 portfolio companies (38 active · 8 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Blackfin Capital Partners has raised, with its portfolio companies. Hand-checked from public filings.
BlackFin Financial Services Fund IVBuyout2024 · 2yr€1.8B5 active
Unrealized
5 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Arendt Investor Services | Financials | Luxembourg | 2025 |
| IBS Capital Allies | Financials | Netherlands | 2025 |
| INKA (Internationale Kapitalanlagegesellschaft) | Financials | Germany | 2025 |
| Lemanik Asset Management | Financials | Luxembourg | 2025 |
| OpGroen | Financials | Netherlands | 2024 |
BlackFin Tech 2VC2022 · 4yr€390M12 active
Unrealized
12 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Aufinity Group | Software | Germany | 2025 |
| Carbon Equity | Fintech | Netherlands | 2023 |
| Cryptio | Software | France | 2026 |
| Embankment | Fintech | Denmark | 2025 |
| Formalize | AI/ML | Denmark | 2024 |
| Hawk AI | AI/ML | Germany | 2024 |
| Indy | Software | France | 2023 |
| Sinpex | Fintech | Germany | 2026 |
| Timeline | Fintech | UK | 2023 |
| TransFICC | Fintech | United Kingdom | 2025 |
| Wealthcome | Fintech | France | 2025 |
| WeeFin | Fintech | France | 2025 |
BlackFin Financial Services Fund IIIBuyout2019 · 7yr€980M8 active · 2 realized
Unrealized
8 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Blauwtrust Groep | Financials | Netherlands | 2021 |
| CAFPI | Financials | France | 2021 |
| Concentra Group | Financials | Spain | 2022 |
| De Hypotheker (DHA) | Financials | Netherlands | 2021 |
| Fokus Nordic | Financials | Denmark | 2021 |
| Fundsight | Financials | Luxembourg | 2025 |
| MorgenFund | Financials | Germany | 2022 |
| SPB | Financials | France | 2024 |
BlackFin TechVC2018 · 8yr€180M9 active · 1 realized
Unrealized
9 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Agicap | Software | France | 2019 |
| Akur8 | AI/ML | France | 2020 |
| Descartes Underwriting | Financials | France | 2019 |
| FRISS | Software | Netherlands | 2017 |
| Memo Bank | Fintech | France | 2020 |
| Mooncard | Fintech | France | 2020 |
| Pretto | Fintech | France | 2018 |
| Tuum | Software | Estonia | 2020 |
| ViaBill | Fintech | Denmark | 2019 |
BlackFin Financial Services Fund IIBuyout2016 · 10yr€400M3 active · 1 realized
Unrealized
3 heldBlackFin Financial Services Fund IBuyout2011 · 15yr€220M0 active · 4 realized
Realized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Comparadise | Consumer | France | 2013 | 2020 | Trade Sale | – | |
| Kepler Cheuvreux | Financials | France | 2013 | 2018 | Secondary | – | |
| NeoXam | Software | France | 2014 | 2022 | Secondary | – | |
| Primonial | Financials | France | 2011 | 2017 | Secondary | – |
Saved GPs appear in your watchlist, one click from your workspace.
About Blackfin Capital Partners
BlackFin Capital Partners is a leading pan-European financial services private equity platform with €4 billion of assets under management as of December 2024, founded in 2009 and headquartered in Paris. The firm specialises exclusively in financial services and adjacent technology sectors, with successive flagship vintage funds (Fund I 2011 €220M, Fund II 2016 €400M, Fund III 2019 €980M, Fund IV 2024 €1.8B) plus a dedicated Tech fund (2018 €180M) across the platform's evolution.
Investment thesis
BlackFin targets European financial services and fintech mid-market companies across insurance services, asset management, banking technology, payments, lending platforms and InsurTech businesses. Sector adjacency expands into AI/ML applied to financial services, cybersecurity supporting financial infrastructure, and Software platforms serving regulated financial intermediaries. Equity ticket sizes typically range from €50 million to €300 million per transaction across the flagship buyout strategy, with majority and significant minority positions held through five to seven year horizons.
Recent activity
Recent realised exits include NoveoCare (InsurTech, 2025), Ravelin (cybersecurity, 2025), FundRock (financials, 2022) and NeoXam (software, 2022), demonstrating active distribution across the financial services franchise. The platform tracks 7 funds, 14 active portfolio companies and 5 realised exits, with the latest Fund IV vintage actively deploying capital across European financial services targets. Detailed buyer names and multiple data available on Pro at €29/month.
Similar firms
Other private equity firms tracked on GP Intel.
France·€196.0BFrance·€52.8BFrance·€40.8BFrance·€39.0BFrance·€33.8BFrance·€33.0BFrance·€27.0BFrance·€23.0BFrance·€21.2BFrance·€20.0BFrance·€13.4BFrance·€13.2B