MCP Private Capital Fund III’s $850 Million Fundraising


The London office of Debevoise & Plimpton LLP has advised Metric Capital Partners (“MCP”), a leading European private capital investor, in the successful first and final close of the MCP Private Capital Fund III (“MCP III”) at its hard cap of €850 million, following significant oversubscription. Aggregate commitments across all funds advised by MCP now total more than €1.5 billion.

The fundraising for MCP III was completed in less than four months, as the fund received backing from a range of existing and new European, Asian and North American investors, including sovereign wealth funds, fund of funds, pension funds, endowments and foundations.

MCP will continue to pursue its disciplined, European-focused, sector-agnostic strategy of identifying opportunities with attractive risk-adjusted returns. MCP typically partners with entrepreneurs, management teams and shareholders to structure bespoke instruments that better achieve stakeholders’ objectives than traditional funding sources. Typical investments include growth capital, shareholders’ consolidation, buy and build, balance sheet optimisation and post-turnaround.

Since launch in 2012, MCP has completed 22 investments in 11 European jurisdictions. Most recent investments include GBM Banca in Italy and Win Systems in Spain.

The Debevoise team advising Metric was led by London partner Geoffrey Kittredge (Picture), and included associates Alex Howard and John D. Foster. Tax advice was provided by London partners Richard Ward and Matthew D. Saronson, assisted by Ceinwen Rees and Patrick Fasoro.

Involved fees earner: Geoffrey Kittredge – Debevoise & Plimpton; Alex Howard – Debevoise & Plimpton; John Foster – Debevoise & Plimpton; Richard Ward – Debevoise & Plimpton; Matthew Saronson – Debevoise & Plimpton; Ceinwen Rees – Debevoise & Plimpton; Patrick Fasoro – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: Metric Capital Partners LLP;

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