Oakley Capital (Oakely), a pan-European private equity investor, has held the final close of the Origin Fund II at its hard cap of €750m after just four months. Origin II received strong demand from institutional investors, including 18 new LPs in Europe, US and Asia.
The strategy aims for Oakley to leverage its heritage in the lower mid-market and capture smaller deals. Since it closed in 2021, Origin I has consistently deployed capital across Oakley’s four core sectors including Technology, Business Services, Consumer and Education.
Origin I achieved an implied return of 3.5x, delivering a DPI to the fund of 0.4x at the time of distribution, bringing cumulative returns in the lower mid-market segment across all previous funds since inception to 7.0x Gross MM and 96% Gross IRR.