FPE Capital
FPE Capital LLP is a London-based lower-mid-market growth private equity firm investing exclusively in profitable UK and Irish B2B software, data and software-services companies with revenues of GBP 5m to 50m. The firm spun out of multi-family office Stonehage Fleming as an independent manager in 2016 and has raised three institutional funds: Fund I (GBP 100m, 2017), Fund II (GBP 101m, 2019) and Fund III (GBP 185m, 2022). FPE Capital LLP is authorised and regulated by the UK Financial Conduct Authority. Fund sizes are stated in GBP and converted to EUR at 1.17.
Key facts
Recent exits
Coverage notes
3 funds tracked, 20 portfolio companies (14 active · 6 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund FPE Capital has raised, with its portfolio companies. Hand-checked from public filings.
FPE Fund IIIGrowth2022 · 4yr€216M10 active
Unrealized
10 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| 15gifts | SaaS | UK | 2022 |
| 60 Decibels | Data & Analytics | UK | 2021 |
| BMA | Software | UK | 2026 |
| Clearstate | Data & Analytics | UK | 2025 |
| Dynamic Planner | Fintech | UK | 2022 |
| Egress Group | IT Services | UK | 2022 |
| Global App Testing | Software | UK | 2022 |
| NoBlue2 | IT Services | UK | 2023 |
| Point74 | FoodTech | UK | 2024 |
| Stalis | HealthTech | UK | 2024 |
FPE Fund IIGrowth2019 · 7yr€118M3 active · 1 realized
Unrealized
3 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Codestone | IT Services | UK | 2021 |
| MaxContact | SaaS | UK | 2023 |
| Togetherall | HealthTech | UK | 2020 |
FPE Fund IGrowth2017 · 9yr€117M1 active · 5 realized
Unrealized
1 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| IWSR | Data & Analytics | UK | 2018 |
Realized
5 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Intragen | Cybersecurity | UK | 2019 | 2025 | Trade Sale | – | |
| Masstech | TMT | Canada | 2019 | 2021 | Trade Sale | – | |
| Optimity | IT Services | UK | 2016 | 2025 | Trade Sale | – | |
| Questionmark | EdTech | UK | 2017 | 2021 | Trade Sale | – | |
| TNP | IT Services | UK | 2018 | 2021 | Trade Sale | – |
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About FPE Capital
FPE Capital is a British private equity and investment platform with capital deployed across 4 active fund vehicles, headquartered in London. The firm operates across multiple alternative strategies, with capital deployed into European businesses across TMT, software, financials, energy, healthcare and business services.
Investment thesis
FPE Capital operates across complementary alternative investment strategies, deploying capital into European businesses across TMT, software, financials, energy, healthcare and business services. The multi-strategy platform enables diversified capital deployment across the business lifecycle from venture and growth equity to mid-cap buyouts, with capital sourced from institutional limited partners and selective family-office capital across the United Kingdom and broader European market.
Recent activity
Realised exits across the current platform vintages remain limited, with the portfolio in active deployment and value-creation phase. The platform tracks 4 fund vehicles, 39 active portfolio companies and 0 realised exits across the strategy's history. Detailed buyer names and multiple data available on Pro at €29/month.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
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