MML Capital Partners (“MML”) is pleased to announce the final closing of MML Capital Partners Fund VI LP (“Fund VI”) with commitments totalling €438m, well above the €350m target. Following considerable support from existing investors, MML has added a number of significant new limited partners.
MML Fund VI will continue the successful strategy of its previous funds, focused on partnering with owner managers of growing businesses across the UK, US and France. Fund VI has already completed five investments representing over 20% of the Fund and has made a further six acquisitions to those businesses. Fund VI is targeting a total 15-20 investments with initial investment size of €10m-€50m.
Managing Partner and Chief Operating Officer, Parag Gandesha said “This successful fundraise is due to our differentiated strategy consistently delivering strong returns through a number of economic cycles over the past 27 years. As a result, we received tremendous support from both our existing investor base and a number of new investors. We appreciate there are many funds in the market looking for capital at the moment and the bar is set very high, so we are extremely pleased to have final closed well in excess of our target in this environment.”