Fund and corporate services provider the Aztec Group has supported private equity investment firm and longstanding client MML Capital with the fundraising activities and final close of its latest fund, MML Partnership Capital VII SCSp.
MML broke through its hard-cap, raising €670m.
Raised predominantly virtually, the fund closed well above its €550m target and is MML Capital’s largest vehicle to date.
MML Capital will continue with its strategy of backing owner-managers in European and US mid-market businesses to assist with growth and international ambitions.
Aztec, whose relationship with MML Capital dates back to 2013, supported the establishment of the new fund and will continue to provide ongoing administration and accounting services to the fund and its investment structures from its Luxembourg and Jersey offices.
The fund received commitments from around 35 investors, from MML’s existing investor base and new limited partners. These included a range of institutional investors, pension funds, sovereign wealth funds, insurance companies and family offices across the globe.