– August Equity LLP (“August”), a UK private equity firm focused on the lower mid-market, announces the final close of Fund VI at an increased hard cap of £350 million, the largest fund in the firm’s history.
– Fund VI attracted a strong and diverse group of global investors, including US endowments, Asian pension funds, and leading European groups from the Nordics, UK, Continental, and Southern Europe.
– Strong support from long-term investors and new partners enabled the firm to exceed its initial fundraising target.
David Lonsdale, Managing Partner: “This is a very proud moment for August. We are very thankful for the trust from both our current and new strategic investors. Their support demonstrates their belief in our ability to produce consistent returns and liquidity through different economic cycles. Our team worked exceptionally hard, and we are delighted to achieve this outstanding result in today’s tough fundraising environment. We are now in a great position to deliver further excellent results to our investors.”
– Fund VI will continue August’s proven investment approach, focusing on sourcing primary deals and partnering with ambitious management teams to grow exceptional businesses in sectors complementing current investments in technology, compliance, education, and healthcare.
– The firm expresses gratitude to all advisers for their support and commitment during the fundraising process.
