Consumer finance

Preservation Capital Partners has successfully closed PCP Fund II, a private equity buyout fund. The firm secured €459 million in capital commitments, marking a 30% increase from its predecessor fund, PCP Fund I. Preservation Capital Partners (PCP) invests in financial technology and services companies across Europe. It has a flexible investment mandate and can invest as both a minority and majority investor, with a typical equity investment of £50-150m with the ability to invest significantly larger amounts through co-investment. Business subsectors include non-balance sheet businesses including insurance distribution, insurance services, asset and wealth management, outsourcing service providers to financial institutions, payments and consumer finance. Preservation Capital Partners has achieved significant milestones, including the closing of PCP's inaugural continuation vehicle and raising substantial co-investments from existing limited partners (LPs). With the closing of PCP Fund II, Preservation Capital Partners now manages approximately €1 billion in assets under management (AuM) across its three active funds, solidifying its position as a leading player in the Financial Services sector. The fund is dedicated to consistently delivering top quartile returns, regardless of market conditions, and is confident in its ability to navigate future opportunities, create value, and drive sustainable growth. Kirkland & Ellis advised Preservation Capital Partners on raising the fund.