‘Resilient’ financial services focus led to hard cap debut Preservation Capital Partners fund close, firm says

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Preservation Capital Partners, a specialist investor in the asset-light financial services sector, has hit a £309m ($400m) hard cap close for its debut fundraise.

Launched in Q4 2019, a substantial part of the fund was raised during the Covid-19 pandemic, PCP said.

The firm focuses on highly resilient, asset-light, recurring-revenue business models in the financial services sector – a strategy it said underpinned the success of the fundraising.

PCP said the fund will be used to invest in a focused portfolio of three to five platform companies across Western and Northern Europe.

Jatender Aujla, managing partner and founder of Preservation Capital, said, “We are delighted to announce our debut fundraise with the backing of an exceptional group of investors for our uniquely focused investment approach.

“We pride ourselves on being a sector specialist investor and backing entrepreneurial, founder-led businesses that operate in sub-sectors that are positioned to experience significant growth.

“We are committed to driving outsized returns for the management teams that we back and the investors that support us.”

Acanthus served as placement agent and Proskauer Rose served as legal counsel for the raise.

Preservation’s prior investments include BMS, a specialist reinsurance and insurance broker, and Optio, a leading cyber and emerging risk insurance focused managing general agency.

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