Painswick Capital Achieves First Fund Closure of $1.5 Billion Surpassing Initial Goal

Painswick Capital's Successful Inaugural Fund

Painswick Capital Management LP, a newly established investment firm specializing in the lucrative single-asset continuation vehicle market, has announced the successful closure of its first fund, Painswick Capital Fund I LP. This inaugural fund attracted an impressive total of commitments amounting to approximately $1.5 billion, significantly surpassing its original target of $750 million.

The success of this fundraising campaign highlights the growing interest among diverse international investors including pension funds, insurance companies, asset managers, foundations, endowments, family offices, and high-net-worth individuals. This strong investor support reflects a robust belief in the firm’s operational strategy and the potential of the markets in which it operates.

Founded in 2024 by John L. Garcia, the former CEO of AEA Investors, Painswick Capital aims to capitalize on high-performing businesses within the single-asset continuation vehicle market. This niche investment strategy is gaining traction as investors are increasingly recognizing its potential for delivering better risk-adjusted returns compared to traditional private equity strategies.

John Garcia, who is also the Managing Partner of the firm, expressed his satisfaction with the successful fundraising: "We are pleased to close our debut fund well above our target raise, which is a testament to the strategy, the experience of our team, and the increasing realization by investors of the attractiveness of this growing market. The single-asset continuation vehicle market is still early in its growth trajectory, and we are grateful for the support of our Fund I investors, who share our conviction in the significant and long-term potential of our strategy.”

The firm has established a reputation for its disciplined investment approach, leveraging a substantial global network and extensive experience in private equity underwriting. By concentrating on high-quality management teams and solid companies, Painswick aims to navigate the complexities of the market effectively.

Since its inception, Painswick has secured four investments across various sectors in North America and Europe, reinforcing its capability to deliver results in this evolving investment landscape.

The legal counsel for the fundraising efforts was provided by Simpson Thatcher and Bartlett LLP, emphasizing the professional support that underpinned this successful capital raising.

Painswick Capital is located in New York and offers a focused strategy designed to create substantial value for its investors by identifying and partnering with exceptional businesses poised for growth. The firm’s ambitions underscore its commitment to establishing itself as a notable player in the private equity market, targeting high-growth companies that align with their investment philosophy.

For more information on Painswick Capital and its investment strategies, visit their official website at www.painswickcapital.com.

As the firm continues to expand its investment portfolio, the industry is keenly observing the burgeoning single-asset continuation vehicle market where Painswick aims to solidify its reputation as a pioneering fund management entity.