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AURELIUS Opportunities V
AURELIUS successfully closed AURELIUS Opportunities V (“Fund V”) in early June 2025, following a significantly oversubscribed process that was completed after less than five months of marketing, despite a challenging fundraising environment especially for smaller GPs.
Given high demand, AURELIUS capped the size of Fund V to maintain investment discipline and preserve the exceptional performance record built over the last 20 years. AURELIUS now has a new capital pool of €830m available.
It follows in the footsteps of its €540m 2021 co-investment structure AURELIUS European Opportunities Fund IV (“Fund IV”) and AUR Portfolio III. Following the outstanding success of Fund IV – currently ranked in the top 5% across all industry benchmarks* – AURELIUS raised Fund V from more than 90% of its existing investor base and a number of new blue-chip LPs.
Focused on mid-market investments, Fund V will invest in corporate carve-outs, platform build-ups and complex buy-out situations for companies with annual revenues of at least €100m. It will invest equity of up to €150m to acquire enterprises with potential for operational improvement in Europe and North America. (*Benchmark figures sourced from Cambridge Associates ex-US Q2 2024 Private Equity Benchmarks. AURELIUS Midmarket performance data as at Q3 2024. No fees were paid in connection with this benchmarking.)
Bridgepoint Development Capital V
BDC V has successfully raised €2.8bn of commitments at its hard cap, marking a substantial step up from BDC IV (£1.6bn) and BDC III (£600m). The fund was significantly oversubscribed, reflecting strong investor demand for the strategy despite a highly competitive fundraising environment. The outcome underscores continued growth in appetite for Bridgepoint’s lower mid-market investment strategy and investor confidence in the platform’s ability to deliver consistent, top-quartile returns.
It was supported by a high re-up rate from existing investors. A key goal of the campaign was to further strengthen and diversify the BDC investor base. This included expanding exposure to blue-chip institutions, with many of these new relationships evolving into long-term capital partnerships — not only across future BDC vintages, but also more broadly across the Bridgepoint platform. In total, BDC V brought in LPs from 15+ countries and established 40+ new investor relationships. Notably, over 90% of capital was raised within the first seven months of the campaign, reflecting the exceptional demand for the strategy and creating strong early momentum.
BDC V exemplifies Bridgepoint’s leading position in the European lower middle market, underpinned by a differentiated sector-led origination model and deep local presence. This raise also demonstrates the firm’s ability to capitalise on an expanded institutional reach, despite a highly competitive fundraising environment.
Inflexion Enterprise Fund VI
In less than 5 months Inflexion raised its Enterprise Fund VI at its hard cap of £975m, more than doubling its predecessor fund. Focused on the lower midmarket, the Fund follows the same successful strategy employed by Inflexion for over 25 years, backing high growth, entrepreneurial businesses with ambitious management teams and working in partnership with them to accelerate growth.
At the time of the Fund close, the Enterprise Funds had delivered a realised track record of 4.4x gross multiple and 42% gross IRR. This strategy has delivered highly successful exits including Automotive Transformation Group, DR&P, Goat, Lintbells and Virgin Experience Days.
The Fund invests in businesses valued between £50 million and £150 million, typically taking majority stakes across Inflexion’s core sectors of Business Services, Technology, Healthcare, Financial Services, Industrials and Consumer. All companies backed by the Fund have access to Inflexion’s value acceleration resources covering M&A, international expansion, digital enhancement (including data and artificial intelligence), commercial effectiveness, sustainability strategy and talent management.
The Fund was raised almost exclusively from Inflexion’s existing investor base of blue-chip institutions across US, Europe, Asia and the Middle East, with investors on average more than doubling their commitment versus the previous vintage.
The Fund is Article 8 fund under the under the EU’s Sustainable Finance Disclosures Reg.
Voting Closed
To find out who won, book a table at the British Private Equity Party Awards 2025 on Tuesday, 30 September at The Brewrey, London