Oakley set to close fourth fund on €1.4bn hard-cap

Oscar Geen
17 May 2019

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Oakley Capital is set to hold a final close on its €1.4bn hard-cap, surpassing its €1.2bn target, Unquote understands.

The vehicle was registered in Luxembourg in September 2018 and held a first close earlier in the year.

Oakley tapped the new fund for the recent acquisition and merger of two maritime training companies, Videotel and Seagull, based in London and Oslo respectively.

The GP has appointed Park Hill Group to place the vehicle and Aztec Group to provide fund administration services.

Oakley Capital Investments, the listed investment arm of Oakley Capital, made a €400m commitment to the fund in January.

It will follow the same strategy as Oakley Capital Private Equity III, focusing on the buyouts of European mid-market companies with enterprise values of between €60-300m. Its predecessor held a final close on €800m in October 2017.

The close is expected to take place in mid to late June, Unquote understands.

Oakley declined to comment.