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Alternative Market Briefing

Oakley Capital raises $1.64bn fund

Thursday, July 18, 2019

Laxman Pai, Opalesque Asia:

Western Europe-focused private equity firm Oakley Capital has smashed the target of its fourth buyout fund, after raising €1.46bn ($1.64bn) for its final close.

"Following strong investor demand, the Fund closed above its target size of €1.2bn and is Oakley's largest fund to date," said a press release.

Fund IV attracted capital commitments from a broad range of new and existing institutional investors across Europe, North America and Asia, with commitments from existing Limited Partners representing a 40% uplift versus their commitments to Fund III.

Oakley's network of entrepreneurs and business founders that collaborate with Oakley on sourcing investments and growing portfolio companies have also committed over €40m to Fund IV. This brings the total amount committed by this group to over €120m, split across Funds II, III and IV.

The Fund also received a €400m commitment from Oakley Capital Investments Limited, the London-listed feeder fund providing public shareholders with access to Oakley's funds.

Fund IV follows Oakley's strategy of investing across Western Europe in high-growth mid-market businesses, focused on its three core sectors - Consumer; Education; and Technology, Media & Telecoms (TMT).

Fund IV has a deal pipeline and has already made its first investment. In May 2019, Oakley partnered with the management teams of Seagull & Videotel in a deal that involved acquiring and combining two leading pla......................

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