- ECI 12 hits £1 billion hard cap, beating £900 million target and marking a 40%+ increase on its £700 million predecessor fund
- Strong reup rate of 95% driven by market leading returns across recent funds, supplemented by over £300 million of new capital from across the globe, with significant growth from US, Europe and Asia
- Fund was oversubscribed at final close with excess demand of over £250m above the hard cap despite the widely reported challenging fundraising environment
We are pleased to announce the final closing of our twelfth buyout fund, ECI 12. The fund reached its hard cap of £1 billion, beating its target of £900 million.
This achievement is especially notable given the widely reported private equity fundraising doldrums over the past 12 months. This result, alongside a strong re-up rate of 95% from existing investors reflects the strength of ECI’s track record, with two of ECI’s three most recent funds marked as the top performers in Europe in their respective vintages. ECI 12 has also attracted c.£300m of new capital, with high quality investors from across the globe, including North American pension plans, European foundations as well as capital from Asia.
The ECI 12 fundraise represents a 40%+ growth on ECI’s previous £700m ECI 11 fund, and was significantly oversubscribed at final close.