Aspirity Partners has announced the final close of its inaugural fund, called Aspirity Partners I, at just over €875 million. The firm, founded this year by managing partner Joseph O’Mara and partner Ralph Choufani, will focus on mid-market investments in financial technology, enterprise technology, and connectivity services companies across Europe. The fund reached its hard cap in under six months, reflecting strong interest from institutional investors, including pension funds, endowments, insurers, family offices, and fund-of-funds, across Europe, North America, and the Asia-Pacific region.
The fund is one of the most significant new private equity launches in Europe this year, giving Aspirity the ability to invest approximately €50 million to €150 million per transaction, targeting businesses typically valued at up to €500 million. The firm plans to back companies offering mission-critical business-to-business software or services with strong secular growth drivers and international expansion potential.
The partners emphasized that the firm will take an active role supporting portfolio companies in scaling operations, expanding internationally and strengthening strategic positioning. They noted that the European enterprise and financial technology market continues to show long-term demand for digital infrastructure, workflow modernization and data-led service platforms, even as broader deal activity in the region has remained more selective.
Aspirity now shifts its focus to deploying capital and building a portfolio of technology-enabled service businesses throughout Europe. The close of the debut fund marks a high-profile entry onto the European private equity landscape, as the firm positions itself as a growth-focused partner for mid-sized technology companies seeking scale.
