Castik Capital Closes EPIC III Fund Above Target at €2 Billion
Castik Capital, the European private equity investment firm, today announced the final close of its third fund, EPIC III (the “Fund”), with total capital commitments of €2 billion. The fundraise exceeded its target of €1.75 billion and represents a 60 per cent increase on its predecessor fund, EPIC II, which closed at €1.25 billion in October 2020.
EPIC III will follow Castik Capital’s proven investment strategy of creating market leaders by focusing on high-quality and growing businesses, in highly fragmented markets, that are headquartered in Europe and led by strong management teams or founders. Castik Capital partners with management teams on specific value-creation plans to achieve an improved growth trajectory – through expansion to new markets, add-on M&A, and investments into the core business, such as digitization and new technology.
Investors in EPIC III are a mix of new and existing investors, including public and private pension funds, sovereign wealth funds, insurance companies, endowment funds, foundations, and individual investors. The Fund had strong support from existing investors with a re-up rate of more than 90%.
Michael Phillips, Managing Partner at Castik Capital, said: “The final close of EPIC III marks the end of a very successful fundraising and is a testament to our proven investment strategy. We thank our existing and new investors for their support and look forward to backing high-quality companies and helping them realise their full potential. We see significant opportunities to invest in European companies and deliver value for all our stakeholders.”
Castik Capital was advised by Monument Group in the U.S. and Europe, and by Pacific Fund Management in Japan. Pöllath & Partners and Fried Frank acted as legal advisers.
About Castik Capital
Castik Capital S.à r.l (“Castik”) manages investments in private equity. Castik is a European multi-strategy investment manager, acquiring significant ownership positions in European private companies, where long-term value can be generated through active partnerships with management teams. Founded in 2014, Castik is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. The advisor to Castik is Castik Capital Partners GmbH, based in Munich. Investments are made by the Luxembourg-based fund, EPIC III, the third fund managed by Castik, which had its final fund close of €2bn in September 2024. For more information on Castik, please visit https://www.castik.com.
