Adelis Equity Partners completed the final close of its oversubscribed fourth fund, Adelis Fund IV, securing €1.5bn in external capital commitments.

With Adelis employees committing an additional €116m, the total fund size reaches €1.6bn.

The fund attracted capital from leading pension funds, foundations, and fund-of-funds across Europe and North America. Notably, 75% of external capital came from existing investors in Adelis Fund III, who increased their commitments by 30% compared to the previous fund.

Since its inception in 2013, Adelis has emerged as a key player in the Nordic and DACH middle-market, executing 45 platform investments and over 260 add-on acquisitions. The firm focuses on partnering with management teams and business owners in high-growth sectors to build market-leading companies.

Adelis Equity Partners Fund III raised €932m in 2021. With the latest fund close, the firm has now raised €4.25bn across four flagship funds and two continuation vehicles.

Akin Gump Strauss Hauer & Feld and Vinge provided legal counsel for the fundraising, while Park Hill Group acted as the exclusive placement adviser.