European private equity investment firm Castik Capital has held the final close of its third fund, EPIC III, with total capital commitments of €2bnm exceeding its target of €1.75bn . The fund is 60% larger than predecessor EPIC II, which closed at €1.25bn in October 2020.
EPIC III will follow Castik Capital’s proven investment strategy of focusing on investments in growing businesses, in highly fragmented markets, that are headquartered in Europe and led by management teams or founders. Castik Capital partners with management teams on specific value-creation plans to achieve an improved growth trajectory – through expansion to new markets, add-on M&A, and investments into the core business, such as digitalisation and new technology.
Investors in EPIC III are a mix of new and existing investors, including public and private pension funds, sovereign wealth funds, insurance companies, endowment funds, foundations, and individual investors. The Fund had strong support from existing investors with a re-up rate of more than 90%.
Castik Capital was advised by Monument Group in the US and Europe, and by Pacific Fund Management in Japan. Pöllath & Partners and Fried Frank acted as legal advisers.
