Fund Alert: Mayfair gathers £400 million

Mayfair closes debut fund above target.

Mayfair Equity Partners have held a final close on their maiden fund at £400 million. Mayfair Equity Partners I, which had an initial target of £350 million, will invest in businesses in the consumer and technology sectors. The over-subscribed vehicle also has the capacity to make co-investments.

Capital raised came from investors in the UK, Europe, North America and the Middle East. It included commitments from the Macquarie Group, Adams Street Partners, the European Investment Fund, Universities Superannuation Scheme and The Fire and Police Pension Association of Colorado.

Triago acted as a placement agent to the vehicle and Macfarlanes as legal counsel.