Painswick Capital Management, a specialist investment firm founded in 2024, has announced the final close of its first fund, Painswick Capital Fund I LP, with approximately $1.5 billion in total commitments. This figure more than doubles its initial target of $750 million.
Founded by John L. Garcia, the chairman and former CEO of AEA Investors, Painswick focuses on the single-asset continuation vehicle market. The fund attracted a diverse group of global investors, including pension funds, insurance companies, and family offices.
Since its launch, Painswick has already completed four investments across various industries in North America and Europe.
Counsel: Simpson Thacher and Bartlett served as legal counsel to Painswick in connection with the fundraise.
KEY QUOTE:
“We are pleased to close our debut fund well above our target raise, which is a testament to the strategy, the experience of our team, and the increasing realization by investors of the attractiveness of this growing market. The single-asset continuation vehicle market is still early in its growth trajectory, and we are grateful for the support of our Fund I investors, who share our conviction in the significant and long-term potential of our strategy. With Fund I, Painswick is positioned as a scaled differentiated partner, with the ability to back exceptional businesses through a focused, disciplined strategy designed to deliver compelling risk-adjusted returns for our investors.”
John Garcia, Founder and Managing Partner of Painswick
