Oakley Capital raises a record €2.85bn for fund V

Oakley Capital, a leading pan-European, mid-market private equity investor, is pleased to announce the close of Oakley Capital V at its hard cap and exceeding its €2.5bn target.

Fund V’s record raise is almost double the size of predecessor Fund IV, thanks to strong demand from new and existing investors.

Fund V hits hard cap, nearly doubling the size of its predecessor fund, with fund target raised in just over six months. Oakley welcomes 25 new institutional investors from across N America & EMEA. The strategy will pursue a continued focus on backing ambitious entrepreneurs and fast-growing, European businesses across core sectors of technology, consumer and education. The fundraise brings total AuM to €8bn.

“We are pleased to have achieved such a strong final close for Oakley’s fifth flagship fund, reaching our target in just over six months. Fund V will enable us to build on our strong track record, investing in more dynamic and innovative businesses across Europe,” said Peter Dubens, Managing Partner at Oakley Capital.

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Fund V welcomed new LPs from across the world, in particular pension funds from North America, while the Oakley Network which comprises entrepreneurs the Firm has previously partnered with will contribute almost €200m.

The fresh fundraise will enable Oakley to continue applying the successful investment strategy that has delivered gross realised returns of 4x MM and 67% IRR across all funds since inception. Fund V will maintain the same focus investing behind founders and entrepreneurs in its three core sectors of technology, consumer and education, backing businesses with typical EVs of €100-500m.

Source: Press Release

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