Agellus Capital has held a final and hard cap close of its debut fund, Agellus Capital Private Equity Fund I LP (Fund I), with total limited partner capital commitments of $400 million. The new fund was oversubscribed and closed above its $350 million target after just five months of fundraising.
Agellus was founded in March 2024 by Thompson Street Managing Director Jeff Aiello and Audax Managing Director Beau Thomas. The two met when they both worked at Audax from 2011 to 2014.
Limited partners in Fund I include endowments and foundations, financial institutions, insurance companies, family offices, sovereign wealth funds, and high net worth individuals including several founders and business executives.
“We are humbled by the reception our first fund received from the institutional investor community,” said Mr. Aiello. “We’re excited to capitalize on this momentum to partner with founders, families, and leaders to build great companies.”
“We launched Agellus to be the partner of choice to our companies, investors, and people,” said Mr. Thomas. “We are thankful for the support and conviction of our limited partners, advisors, and many others who contributed to our efforts.”
Agellus makes control investments in North America-based companies that have from $2 million to $20 million of EBITDA. Sectors of interest include business-to-business services, non-discretionary consumer, and supply chain and infrastructure services sectors. The firm is headquartered near St. Louis in Clayton, Missouri.
Aviditi Advisors was the placement agent for Fund I and Weil, Gotshal & Manges provided legal services.
© 2024 Private Equity Professional | July 25, 2024
