Agellus Capital, a lower middle-market private equity firm focused on B2B, non-discretionary consumer, supply chain and infrastructure services, has closed its debut fund, Agellus Capital Private Equity Fund I, with total limited partner capital commitments of $400m.
The fund was oversubscribed and surpassed its $350m target. It received commitments from endowments and foundations, global financial institutions, insurance companies, family offices, sovereign wealth funds, as well as founders, executives and other professionals.
Agellus targets initial platform investments of $2m to $20m of EBITDA. The firm seeks to drive transformational growth through complementary acquisitions and investments in employees, technology and systems.
Weil, Gotshal & Manges advised on the fund.
