Fidelio Capital has closed its third flagship fund (Fidelio III), with total capital commitments in excess of the fund’s €1 billion target, more than triple the size of its predecessor fund, Fidelio II, which closed in 2018.
Fidelio Capital (Fidelio) has closed its third flagship fund (Fidelio III), with total capital commitments in excess of the fund’s €1 billion target, more than triple the size of its predecessor fund Fidelio II which closed in 2018.
Fidelio’s new fund attracted commitments from the company’s investor base of families, entrepreneurs and individuals, while also adding new family offices clients from the US and across Europe.
The new investment mandate has already facilitated the completion of two add-on acquisitions in the US for the existing Fidelio platform investment Odevo, a tech-enabled residential property manager.
Founded in 2010 by Gabriel Fitzgerald, Fidelio has, to-date, invested in twelve platform companies, and made more than 150 add-on acquisitions, generating returns with an average gross IRR of 80% since inception.
UBS Private Funds Group acted as global placement agent for the fundraise to Fidelio, with Proskauer Rose (UK) LLP acting as lead legal advisor and Advokatfirman Vinge KB acting as Swedish legal advisor.
