The Fund benefitted from strong support from existing investors, as well as welcoming 11 new institutional investors across the globe, with commitments from sovereign wealth funds, insurance companies, public and private pension funds, asset managers, endowments, foundations and family offices.
The fundraising success reflects the consistent strong performance MML Capital has recorded over a series of funds, including two >10x exits in the recent years. This follows an outstanding 12 months during which MML announced a total of eight exits across the group at a handsome 4.1x average MOIC generating >€600m of distributions. In the same period, MML deployed >€500m in 10 new platform investments.
With offices in London, Dublin, New York and Paris, MML Partnership will continue with its strategy of backing owner-managers in European and US mid-market businesses providing ‘tailored solutions’ to assist with growth and international ambitions.
“MML addresses a clear need for bespoke private capital on an international level for ambitious mid-market companies. We continue to follow our proven strategy delivered by an experienced investment team building upon our market-leading position.” Bal Johal, Co-CEO
“We have a long-standing group of blue-chip investors who have supported us from fund to fund, and it is great to welcome a new cohort of LPs from around the globe. Fund VIII is off to a fantastic start, with very strong early deployment and a fabulous early exit.” Ian Wallis, Co-CEO
“We are incredibly grateful to all our investors for the trust they have placed in MML and conviction they have shown in MML Partnership, a strategy that has proven to be resilient through the cycles.” Jonty Graham, Partner & Head of Investor Relations
The placement agent for the fund was Houlihan Lokey (Cristina Forcina & Andy Lund) and legal advice was provided by Proskauer (Duncan Woollard)
For further information please contact the MML IR Team (Brock Birkin or Divisha Gohil) on InvestorRelations@mmlcapital.com