EMK Capital has held the final close on its first fund, EMK Capital Partners, at the fund’s GBP575 million hard cap.
The fund was raised from first meeting to final close in just eight months.
EMK is an independent firm, established to continue the investment strategy of the managing partners, Edmund Lazarus and Mark Joseph, at their predecessor firms Bregal Capital and Oakley Capital Private Equity.
The fund will focus on securing control or substantial influence predominantly in UK headquartered mid-market businesses where EMK has identified unrecognised and/or hard to realise value and where EMK can support companies in executing transformative change.
Lazarus and Joseph say: “We are delighted and grateful for the support that the fund has received from a prestigious group of global investors. The entire team at EMK is determined to reward their confidence.”
EMK was founded in 2015 initially managing nine portfolio companies previously managed by Lazarus at Bregal Capital. Two of these companies have since been sold but the remaining seven have a combined net asset value of c. GBP1 billion. Together with the fund, EMK’s committed funds and net asset value under management are now in excess of GBP1.5 billion.
Campbell Lutyens acted as exclusive global placement agent for the offering. Proskauer Rose (UK) acted as legal adviser.
