– MML Capital, a leading mid-market investor, has announced the final close of Partnership Capital VIII (“the Fund”), which was oversubscribed and nearly 50% larger than its predecessor, Fund VII.
– The Fund received strong backing from existing investors and welcomed 11 new institutional investors globally.
– Commitments came from a diverse group, including sovereign wealth funds, insurance companies, public and private pension funds, asset managers, endowments, foundations, and family offices.
– The success reflects MML’s consistent performance, including two exits exceeding 10x returns in recent years.
– Over the past 12 months, MML completed eight exits at an average MOIC of 4.1x, generating over €600 million in distributions.
– In the same period, MML deployed over €500 million across 10 new platform investments.
– MML operates from offices in London, Dublin, New York, and Paris and continues its strategy of backing owner-managers in mid-market businesses in Europe and the US.
– The firm focuses on providing tailored capital solutions to support growth and international expansion.
– Co-CEO Bal Johal emphasized MML’s role in delivering bespoke private capital to ambitious mid-market firms through a proven strategy and experienced team.
– Co-CEO Ian Wallis highlighted strong early deployment and a successful early exit for Fund VIII, as well as continued support from long-standing blue-chip investors.
– Jonty Graham, Partner & Head of Investor Relations, expressed gratitude to investors for their trust and belief in the resilience of the MML Partnership strategy.
– Houlihan Lokey (Cristina Forcina Westermann & Andy Lund) acted as placement agent for the fund.
