Mayfair Equity Partners held a first closing in April on £200 million for its debut private equity fund, only about a year after its founding professionals left Lloyds Development Capital, a person familiar with the situation said.

London's Mayfair was formed by Daniel Sasaki, who led the London office at LDC for three years until May 2014, and Kunal Dasgupta, previously an investment director at LDC specialising in technology, media and telecommunications deals.