UK-based alternative asset manager Pollen Street Capital has closed its latest flagship fund, Private Equity Fund V, with €1.5bn in commitments, alongside an additional €500m in co-investment capital, bringing its total capital raise to €2bn.
The fund significantly exceeded its original €1bn target and was oversubscribed on its hard cap of €1.2bn, marking an 85% increase from the firm’s previous £700m fund.
The successful raise reflects strong appetite from a global investor base comprising public and corporate pension schemes, insurance firms, sovereign wealth funds, asset managers, private banks, foundations, and family offices. Both long-standing partners and new investors contributed to the fund’s oversubscription.
Fund V will continue Pollen Street’s established strategy of backing mid-market businesses across European financial and business services sectors, with a focus on revenue-led growth, technology adoption, and operational transformation. The fund targets control investments and leverages the firm’s active ownership model and sector expertise.
Approximately 50% of Fund V’s capital is already deployed across eight platform investments. Portfolio companies include Keylane (a leading SaaS core insurance software provider), Mattioli Woods (UK wealth management platform), Assessio (Nordic and Benelux talent assessment software), and OrderYOYO (ecommerce and payment solutions for restaurants).
