Apheon Management has closed its sixth flagship fund at a €1.25bn hard cap, reinforcing investor appetite for mid-market buyout strategies despite a slower fundraising environment.

Apheon MidCap Buyout VI will reach a total size of €1.3bn after an additional €50m commitment from the firm’s team and related families, according to a statement seen by Bloomberg News. The vehicle attracted commitments from both new and existing limited partners spanning Europe, the Americas, Asia, and the Middle East.

The close marks a step up from Apheon’s prior flagship fund and brings the firm’s total assets under management to €4.5bn. Apheon focuses on control investments in European mid-cap businesses, with a sector emphasis on business services, healthcare, and industrials.

The successful raise underlines continued LP support for specialist European buyout managers with established track records, even as fundraising conditions remain challenging across the broader private equity market.

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