Bravo Invest Doubles Fund Size With €226 Million First and Final Close Achieved Within Six Months of Launch

Bravo Invest, the Italian lower mid-market private equity specialist, has announced the first and final close of its third fund, Bravo Capital Partners III (“BCP III”), at €226 million, representing a doubling in size from its predecessor fund.

The fundraise was launched by FUNDER S.A. and held its first and final close less than six months later in December 2025. BCP III was oversubscribed, reflecting strong investor appetite for Bravo’s proven buy-and-build strategy in the Italian lower mid-market.

The new fund attracted a 100% re-up rate from BCP II investors, alongside commitments from 11 new institutional LPs across the Nordics, DACH region, UK and Southern Europe, including fund-of-funds, family offices and government agencies.

BCP III will pursue the same disciplined strategy as its predecessor, targeting control investments in founder-led and family-owned businesses with strong growth potential, and supporting them through structured buy-and-build programmes. The increased fund size allows Bravo Invest flexibility to execute a greater number of platform investments and add-on acquisitions while maintaining its focused approach.

The fundraise follows a period of strong portfolio momentum for Bravo Invest, including the sale of Lodestar, an Italian IT services consultancy, which was announced in October 2025 and generated a significant return for investors in BCP II.

Bravo Invest and FUNDER S.A. were advised on the fundraise by Rede Partners and Legance.

About Bravo Invest

Bravo Invest is a Milan-based private equity firm focused on the Italian lower mid-market. The firm specialises in buy-and-build strategies, partnering with founders and management teams to accelerate growth and professionalisation across B2B service-related sectors.