TL;DREighteen48 Partners has closed EUR175 million for the first tranche of its inaugural private equity fund, targeting EUR350 million. The London-based firm backs European mid-market buyouts sourced through independent sponsors and has deployed more than EUR200 million in the strategy since 2020. The raise comes as the independent-sponsor model gains traction in Europe after a decade of growth in the US.
Eighteen48 Partners, the London-based alternative asset manager co-founded by Julien Sevaux, Tarek AbuZayyad, and Edward Clive, has closed €175 million for the first tranche of its inaugural private equity fund. The fund is targeting €350 million in total and will back mid-market buyouts across Europe, sourced exclusively through independent sponsors, dealmakers who find and negotiate acquisitions before raising the capital to complete them, rather than investing from a pre-committed pool.
The first close was backed by a mix of existing Eighteen48 clients, institutions, family offices, and ultra-high-net-worth individuals. The firm has deployed more than €200 million into independent-sponsor transactions since 2020, making this fund a formalisation of a strategy the team has been executing for six years rather than a debut in the conventional sense.
