Oakley Capital Ltd. aims to raise more than €1 billion for its fourth private equity fund, Private Equity News reported, citing people with knowledge of the fundraising.
It is considered to be the largest fund to date by the London-based private equity firm. It will be used to invest in middle-market businesses in the U.K. and German-speaking countries across Europe, including Germany, Austria and Switzerland, one of the people said.
According to the unnamed sources, Oakley has also registered its latest fund in Luxembourg. One person said that the move is not linked to Brexit.
Additionally, Oakley Capital Investments committed €400 million of capital to the fund, Oakley Capital IV, according to a Jan. 3 news release.
Oakley Capital Investments is a liquid vehicle that gives capital growth and dividends to investors.