Apiary Capital Closes First Fund at Hard-Cap with commitments of £200m
Apiary Capital, today announced the final close of its debut fund, Apiary Capital Partners I.
The fund closed at its hard-cap with commitments of £200 million, exceeding the initial target of £150 million after being significantly oversubscribed.
Apiary is targeting companies in the business services, education and healthcare sectors in the UK’s lower mid-market.
Following a successful and rapid fundraise, the fund was fully allocated within six months of its launch.
Apiary Capital Partners I has been backed by a range of blue chip, institutional investors comprising endowments, foundations, pension funds, insurance companies and funds-of-funds from across the US, the UK and Continental Europe.
We are proud to have advised Apiary Capital in launching their maiden fund and to have contributed towards the success of this fundraise.