Simpson Thacher represented Oakley Capital (“Oakley”) in connection with the formation and raising of Oakley’s flagship private equity fund, Oakley Capital VI, which closed at its €4.5 billion hard cap, six months after the fundraise was launched in September 2024. The Fund was oversubscribed within three months from launch.
Fund VI represents an increase of 58% on Fund V and benefitted from strong backing from existing investors across the Oakley platform with a re-up rate of c.100%. The Fund also welcomed €2.2 billion of new institutional capital from across the globe, including commitments from Europe, North America and Asia, as well as from new regions including Australia and Latin America.
Fund VI will follow the same strategy as Fund V, investing in mid-market, founder-led, private European businesses across four core sectors of Technology, Digital Consumer, Education and Business Services.
The Simpson Thacher team representing Oakley was led by Robert Lee alongside Victoria Hartman, Lavinia Mo, Dzeneta Masteiko, Harry Somerville and other members of the Private Funds team, London; Chi Shum (Private Funds, U.S.); Jack Harrison and Adam Robins (Private Funds Regulatory, London); Caleb McConnell, Jenna Al-Malawi, Alex Ladyman and Oliver Rosshandler (Tax); Matt Feehily and Lauren Gluzman (ESG); and Jeanne Annarumma (ERISA).