Subscribe to unlock this article
Thanks for your support.
JB46 Partners, one of the largest institutional investors in the SF asset class for over a decade, has announced the final close of its third fund at €40M, oversubscribed at its hard cap in under 12 months of fundraising. This success underscores the confidence of both returning and new investors in the firm’s model and long-term vision.
The new fund will continue JB46 Partners’ strategy of backing exceptional entrepreneurial talent to acquire SMEs across Europe, North America, Mexico, and Brazil. To date, the firm has supported more than 180 SFs globally. With this new vehicle, it will focus on backing around 100 searchers and acquiring approximately 30 companies in sectors such as software, B2B services, light manufacturing, education, and healthcare.
The recent wave of successful exits is clearly helping veteran players raise new vehicles. Over the past 12 months, JB46 Partners has completed three notable exits in Spain: Vozitel, Ctaima, and Salvavidas Cardio.
The first acquisition made through Fund III was Gallagher Bros Construction in the USA a few months ago. In the first half of 2025, additional acquisitions by JB46 Partners include AT Safety Training (Canada), EZS Identtechnik (Germany), and Napolillo Industry (Italy).
Jorge Maortua, Managing Partner of JB46 Partners, commented: “We are grateful for the trust and long-term commitment of our existing investors and delighted to welcome new institutional and individual partners who share our vision. Our focus remains unchanged: to back outstanding entrepreneurs in our core geographies and support them in building lasting, successful businesses. We are thankful to the searchers and CEOs who have chosen to partner with us – their ambition and leadership are the true foundation of this asset class”.
Due to their strong experience, they provide entrepreneurs with funding, strategic support, operational insight, and access to an international network.
