Agellus Capital—a lower middle-market private equity firm focused on partnering with essential and non-discretionary services companies—announced the final closing of its debut fund, Agellus Capital Private Equity Fund I, with total limited partner capital commitments of $400 million.
This fund was oversubscribed, surpassed its $350 million target, and secured investor commitments in less than five months. And this fund received commitments from a diverse global investor base, including endowments and foundations, global financial institutions, insurance companies, family offices, sovereign wealth funds, and several founders, executives, and other professionals.
Agellus invests in the business-to-business, non-discretionary consumer, and supply chain and infrastructure services markets – which targets initial platform investments of $2 million to $20 million of EBITDA. And the firm seeks to drive transformational growth through complementary acquisitions and investments in talent, technology, and systems.
Launched this year and based in Clayton, Missouri, Agellus partners with founders, families, and management teams to drive transformational growth in non-discretionary, essential services businesses in the US and Canada. Agellus targets platforms of $2 million to $20 million of EBITDA in large and fragmented markets and aims to be the partner of choice in the middle market for its portfolio companies, investors, and people.
Aviditi Advisors served as the exclusive placement agent. And Weil, Gotshal & Manges served as counsel.
KEY QUOTES:
“We are humbled by the reception our first fund received from the institutional investor community. We’re excited to capitalize on this momentum to partner with founders, families, and leaders to build great companies.”
– Jeff Aiello, Co-Founder and Managing Partner of Agellus Capital
“We launched Agellus to be the partner of choice to our companies, investors, and people. We are thankful for the support and conviction of our limited partners, advisors, and many others who contributed to our efforts.”
– Beau Thomas, Co-Founder and Managing Partner
