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Alternative Market Briefing

Ex-Warburg Pincus principal's firm Preservation Capital hits hard cap $400m for debut fund

Friday, July 31, 2020

Laxman Pai, Opalesque Asia:

Former Warburg Pincus principal Jatender Aujla said that his firm Preservation Capital Partners has closed its debut fund at its hard cap of £309m ($400m).

London-based private equity firm focusing on the asset-light financial services sector said that the fund was significantly oversubscribed and includes a diverse group of global investors, including public pension plans, funds of funds and institutional family offices.

Launched in Q4 2019, a substantial part of the fund was raised during the Covid-19 pandemic. Preservation's focus on highly resilient, asset-light, recurring-revenue business models in the financial services sector underpinned the success of the fundraising.

The Fund will invest in a focused portfolio of three to five platform companies within the asset-light financial services sector across Western and Northern Europe.

Preservation Capital typically invests in early-stage to mid-size companies with enterprise values of £30m to £200m and a minimum equity investment requirement of £20m to £100m, according to its website.

Aujla, Managing Partner and Founder of Preservation Capital said: "We are delighted to announce our debut fundraise with the backing of an exceptional group of investors for our uniquely focused investment approach. We pride ourselves on being a sector specialist investor and backing entrepreneurial, founder-led businesses that operate in sub-sectors that are positioned to experience significant......................

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