Former Ireland-based Carlyle team launches debut Melior fund

The fund is targeting €200m, according to press reports.

The founders previously co-led Carlyle's investment activities in Ireland and will continue to manage the remaining Carlyle Cardinal Ireland Fund (CCI) portfolio companies on behalf of The Carlyle Group. The fund closed on €292m in 2014 and has made 11 investments and four realisations, according to Unquote Data. It writes equity cheques of €2-50m.

LPs in CCI include Enterprise Ireland, the Ireland Strategic Investment Fund and Wüstenrot & Württembergische.

Asante Capital will act as placement agent for the fund.

Investors
Unquote understands the fund has been garnering interest from investors from both Europe and North America. The fund has a minimum commitment of €10m.

Investments
It will invest in small and medium-sized buyout and growth equity deals in Ireland and will have a focus on founder-owned businesses.

The fund will make 8-10 investments and will write equity cheques of €10-20m.

People
Melior Equity Partners – Peter Garvey (founder).

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• Topics
• Funds
• Buyout
• UK / Ireland
• Carlyle Group
• Asante Capital
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