Investor Lists

PE firms based in Belgium

Updated 7 November 2026

PE firms headquartered in Belgium.

See all 98 →The top 25
98investors on the listNo change this week
0cheques in 12 monthsToo few cheques to tell
$12Mmedian round they joined+54% against the market median
0%wrote a cheque in 12 months
7%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

  1. 1GimvquietPrivate equity · Belgium104$42Mmedian roundDec 2019last seen
  2. 2Merifin CapitalquietPrivate equity · Belgium11$11Mmedian roundOct 2015last seen
  3. 3KBC Private EquitydormantPrivate equity · Belgium10$9.6Mmedian roundJan 2012last seen
  4. 4Saffelberg InvestmentsquietPrivate equity · Belgium5$1.7Mmedian roundFeb 2021last seen
  5. 5Ackermans & van HaarenquietPrivate equity · Belgium4$30Mmedian roundJul 2024last seen
  6. 6KBCquietGrowth equity · Belgium4$47Mmedian roundNov 2008last seen
  7. 7PureTechquietGrowth equity · Belgium3$42Mmedian roundMar 2019last seen
  8. 8Nausicaa VenturesquietGrowth equity · Belgium3$10Mmedian roundNov 2015last seen
  9. 9AMAVI CapitalquietPrivate equity · Belgium2$7.9Mmedian roundSept 2022last seen
  10. 10Buysse & PartnersquietPrivate equity · Belgium2$4.2Mmedian roundSept 2015last seen
  11. 11ElectriFIquietPrivate equity · Belgium2$6Mmedian roundNov 2025last seen
  12. 12Miles AheadquietPrivate equity · Belgium2$1.8Mmedian roundOct 2025last seen
  13. 13QAT InvestmentsquietPrivate equity · Belgium2$3.6Mmedian roundMay 2009last seen
  14. 14SOFINDEVquietPrivate equity · Belgium2$11Mmedian roundSept 2005last seen
  15. 15Vendis CapitalquietPrivate equity · Belgium2$11Mmedian roundMar 2013last seen
  16. 16Altya InvestquietGrowth equity · Belgium1$21Mmedian roundJan 2022last seen
  17. 17ApheonquietPrivate equity · Belgium1$232Mmedian roundSept 2025last seen
  18. 18AtlasInvestquietPrivate equity · Belgium1$24Mmedian roundSept 2018last seen
  19. 19BNP Paribas FortisquietPrivate equity · Belgium1$18Mmedian roundOct 2015last seen
  20. 20BNP Paribas Fortis Private EquityquietPrivate equity · Belgium1$44Mmedian roundSept 2019last seen
  21. 21BaltissequietPrivate equity · Belgium1$100Mmedian roundNov 2016last seen
  22. 22DovescoquietPrivate equity · Belgium1$42Mmedian roundDec 2024last seen
  23. 23ECCOquietGrowth equity · Belgium1$25Mmedian roundMay 2015last seen
  24. 24IMBCquietGrowth equity · Belgium1$14Mmedian roundFeb 2025last seen
  25. 25Incofin Investment ManagementquietPrivate equity · Belgium1$5Mmedian roundMar 2014last seen
73 more on this list

All 98 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

See the whole list →

Quick answers about PE firms based in Belgium

Who are the most active PE firms based in Belgium?

By cheques observed, the most active are Gimv, Merifin Capital, KBC Private Equity, Saffelberg Investments and Ackermans & van Haaren.

How many PE firms based in Belgium are there?

98 are on record. 0% made an investment in the last 12 months and 7% have led a round.

How big are the rounds PE firms based in Belgium join?

The typical (median) round among the leading investors here is $14M.

Which PE firms based in Belgium lead the most rounds?

Gimv (3 led), Saffelberg Investments (2 led) and Miles Ahead (2 led).

What have PE firms based in Belgium invested in recently?

Recent rounds include Sawa Energy (Other, Nov 2025, with ElectriFI), DevAlly (Pre-seed, Oct 2025, with Miles Ahead) and Ortivity (Growth, Sept 2025, with Apheon).

How is this list of PE firms based in Belgium ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

Can I see all 98 PE firms based in Belgium?

The top 25 are here. All 98 are in the app, with filters for stage, sector, market and cheque size. A free account shows 10 per search, Pro up to 1,000.

Built from the rounds we watched, refreshed every night. How we count · Report a correction