Elysian races to final close on £250m

According to the GP, the fund received significant interest from investors, with demand surpassing the vehicle's £250m hard-cap.

Elysian's debut fund – Elysian Capital I – raised £130m and closed in September 2010. According to unquote" data, that vehicle attracted investment from SL Capital Partners, Scottish Widows, South Yorkshire Pension Authority, West Yorkshire Pension Fund, Richemont Pension Fund and Parvilla. The fund was also backed by Nigel Doughty and Richard Hanson, the founders of Doughty Hanson, which is Elysian CEO Ken Terry's previous employer.

Capstone Partners acted as placement agent for the fund while Travers Smith acted as legal adviser.

Investors
Elysian Capital II received commitments from existing and new investors, including funds-of-funds, pension funds, sovereign wealth funds, insurance companies and family offices. Investors hailed from Europe, the Middle East and the US.

Elysian's partners' contribution to the fund accounted for around 11%, as was the case with the GP's previous vehicle.

Investments
The newly raised vehicle will continue to deploy Elysian's investment strategy of acquiring controlling equity positions in UK lower-mid-market companies. The fund will target deals worth between £10-100m.

People
Ken Terry is partner and CEO of Elysian.

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• Topics
• Buyout
• UK / Ireland
• Elysian Capital
• unq2015sep