Mayfair Equity Partners, the private equity firm founded by LDC's former London office head Daniel Sasaki, has held a £400 million final close on its debut fund, making it the second-biggest first-time buyout fund to close in Europe this year.

The fund, which held a first close of around £200 million in April 2015, and a second close in July that year of £230 million, had a target of £350 million with a £450 million hard cap.