August Equity, a UK-based private equity firm specializing in the lower mid-market segment, is pleased to announce the successful final closing of Fund VI, reaching an increased hard cap of £350 million. This milestone marks the largest fund in the firm’s history and reflects the growing confidence and support from investors in August Equity’s approach and capabilities.
Fund VI has attracted a strong and diverse array of investors from across the globe. The investor base includes prestigious US endowments, leading Asian pension funds, and top-tier European institutional groups from regions such as the Nordics, the UK, Continental Europe, and Southern Europe. This spectrum of support from both long-term investors and new partners has been instrumental in exceeding the firm’s initial fundraising target, highlighting the widespread belief in August Equity’s investment strategy.
The investment strategy for Fund VI will follow August Equity’s proven approach, focusing on sourcing primary deals that align with the firm’s expertise. The fund will partner with ambitious management teams who are committed to driving growth in exceptional businesses.
Specifically, Fund VI will concentrate on sectors that complement August’s existing investments, including technology, compliance, education, and healthcare. By doing so, the firm aims to leverage its strengths and insights to foster the development of these industries and create substantial value for investors.
Support: Athos Partners served as placement agent and Macfarlanes LLP served as legal counsel.
KEY QUOTE:
“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.”
David Lonsdale, Managing Partner
