Private Equity

Mayfair moves down in fund size with £500m close

‘This has been perhaps one of the most challenging fundraising environments in history,’ said a Mayfair spokesperson

The business behind Yo! Sushi was sold by Mayfair Equity Partners to Japan’s largest food service firm in a deal worth $621m in 2023
The business behind Yo! Sushi was sold by Mayfair Equity Partners to Japan’s largest food service firm in a deal worth $621m in 2023 Photo: Getty Images

Mayfair Equity Partners has raised £500m for its third fund, moving down in size from its predecessor vehicle in the latest sign of industry challenges on the fundraising circuit.

The London-based buyout shop had originally been looking to exceed the size of its predecessor flagship vehicle, which closed at its £650m hard cap in 2019, according to a person familiar with the matter.

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