A UK dealmaker who spent more than 15 years at London-listed private equity house 3i Group has begun talks with investors to raise his new firm's first fund.

Crevan O'Grady, a partner and a former head of technology, media, and telecoms at 3i Group, and Marco Sodi, a former head of European investments at US buyout firm Veronis Suhler Stevenson, are looking to raise €300 million for their first fund, according to people familiar with the matter.