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Travers Smith advises Elysian Capital LLP on the fundraising of its third vintage fund, Elysian Capital III LP

Overview

Travers Smith LLP has advised long-standing client Elysian Capital LLP on the fundraising of its third vintage fund Elysian Capital III LP.

The fund will focus on making investments in the UK and Ireland in lower-mid market enterprises with a value between £20 million and £100 million. Elysian Capital III LP was supported by both new investors and investors re-upping from fund II. The first close occurred 30 June 2020 and reached its hard cap of £325million on final closing on 30 September 2020.

The fund, with more than 20 LPs mainly from Europe and North America, has achieved great success during challenging times. With a three-month process from launch until the first close, the fund adapted and implemented effective investor communication channels to successfully fundraise during COVID-19.

Ken Terry, Chief Executive and founder of Elysian Capital LLP, commented: "Travers Smith have successfully supported us on all our fundraising matters since our original launch in 2007. The work on Fund III again demonstrated their adaptability, commercial sense and professionalism."

The Travers Smith team was led by Funds Partner Sam Kay who was supported by Funds Associate Natacha Oz. The team also included Financial Services & Markets Partner Stephanie Biggs and Associate Olesya Marchenko and Tax Senior Associate Sophie Lloyd.

Sam Kay commented: "We are delighted to have assisted Elysian Capital on the raising of their new fund. Despite the unprecedented times we find ourselves in, it is great to see the commitment from investors to the strong team at Elysian and to be part of a wholly remote capital raise spanning both Europe and North America."