Elysian Capital II exceeds target and is oversubscribed at £250 million
London, UK, July 16, 2015: Elysian Capital today announced the final closing of its second lower mid-market private equity fund, Elysian Capital II LP (“Elysian II”), with total commitments of £250 million. Elysian Capital II received significant interest from both existing and new investors, with demand significantly surpassing the fund’s £250 million hard cap. Investors in the fund include a diverse group of funds of funds, pension funds, sovereign wealth funds, insurance companies and family offices in Europe, the Middle East and North America.
Like its predecessor fund Elysian Capital I, a £130 million fund that had its final close in September 2010, Elysian Capital II will invest in controlling equity positions in companies in the lower end of the UK mid-market.
Ken Terry, Partner and Chief Executive Officer of Elysian Capital, said: “Following on the strong performance of Elysian Capital I, we are extremely pleased with the exceptionally positive response Elysian Capital II received in the market, both from existing and new investors. The fundraising was completed in five months from start to finish and we sincerely appreciate the confidence that our investors have placed in us to continue to deliver superior returns for the millions of stakeholders they represent.”
“We believe that key factors in the success of this fundraising and for Elysian Capital to date, have been our very experienced private equity team (partners having 15-30 years PE experience each); our two experienced, in-house operating partners offering real value add to our portfolio companies; offices in London, Leeds and Manchester for local deal sourcing and the fact that c11% of all Elysian’s money in the first two Funds has come from the Partners themselves, providing a real differentiating factor and unrivalled alignment with both investors and entrepreneurial management teams.”
Capstone Partners served as exclusive placement agent on the fund raise. Travers Smith LLP acted as legal advisers to the Fund.
About Elysian Capital
Elysian Capital is an independent, private equity firm specialising in investing in the UK lower mid-market in deals of between £10m and £100m. We aim to match entrepreneurial and operating management skills with our experienced and flexible private equity approach to help our companies grow into more profitable and successful businesses. Together with the successful fundraising, Elysian has now sold three businesses from its’ Fund I portfolio since November 2014 and has enhanced the team with key hires and internal promotions.