International law firm Addleshaw Goddard has advised JB46 Partners, an institutional investor specialising in search funds, on the final closing of its third fund, JB46 SFI III, FCRE, with total investment commitments of €40 million, following its previous advice on the structuring and launching the fund.

The third vehicle launched by the firm reached its hard cap in less than twelve months of fundraising, demonstrating strong backing from both returning and new investors. The new fund will continue JB46 Partners’ strategy focused on small and medium-sized companies in Europe, the United States, Canada, Mexico, and Brazil.

JB46 Partners has financed more than 150 search funds across its target geographies and currently holds a portfolio of 40 companies (60% in Europe and the remaining 40% in the Americas).

The Addleshaw Goddard team advising JB46 Partners was led by Funds Partner Isabel Rodríguez, with support from associate Enrique Aparicio.