Oakley Capital announced the final close of its latest private equity vehicle, Oakley Capital Fund VI, at its €4.5bn hard cap. 

Launched in September 2024, the fund reached its target in just six months, with demand surpassing the firm’s fundraising expectations.

Fund VI is 58% larger than its predecessor and attracted nearly 100% re-up participation from existing limited partners. The fund also secured €2.2bn in new institutional commitments from Europe, North America, Asia, and, for the first time, Australia and Latin America.

Fund VI will continue Oakley’s proven strategy of investing in mid-market, founder-led businesses across four core sectors: technology, digital consumer, education, and business services. The fund will pursue similar-sized companies to those targeted by Fund V, but with greater capital flexibility to support buy-and-build strategies and potentially increase the number of platform investments.

Oakley’s approach has delivered strong performance across its previous funds, with realised returns averaging a gross multiple of 3.9x and a 52% gross IRR. Over the past year, the firm has completed three exits, reinforcing its reputation for consistent distributions to investors.

Partner Rebecca Gibson thanked investors for their support, particularly during a challenging period for the broader private equity fundraising environment. Co-founder and Managing Partner Peter Dubens added that Oakley is now well-positioned to back exceptional founders and management teams across Europe, supported by a full pipeline of opportunities.

With Fund VI now closed, Oakley Capital further strengthens its position as a leading pan-European investor with a clear focus on long-term value creation through thematic sector expertise and deep founder relationships.