About This Fund
EPIC III is a European mid-market private equity fund managed by Castik Capital, a Munich and Luxembourg-based investment firm specialising in acquiring majority ownership positions in high-quality, growth-oriented European businesses. The fund reached its final close at €2 billion in September 2024, surpassing its €1.75 billion target and representing a 60% increase on predecessor EPIC II (€1.25 billion, closed 2020). With LP re-up rates exceeding 90%, EPIC III attracted capital from a diversified institutional base including public and private pension funds, sovereign wealth funds, insurance companies, endowment funds, foundations, and family offices across Europe, North America, and the Middle East.
EPIC III focuses on acquiring significant ownership positions in high-quality businesses operating in fragmented European markets with strong growth potential. Castik's investment thesis centres on partnering with management teams and founders to create market leaders through organic growth, cross-border expansion, add-on acquisitions, digitalisation, and technology investment. The fund's sector coverage includes technology-enabled business services, software and internet platforms, specialist healthcare services, and industrial technology — areas where Castik has developed deep operational expertise across three fund generations since its founding in 2014.
Founded and headquartered in Munich, with legal domicile in Luxembourg, Castik Capital has built a consistent track record of value creation in European mid-market buyouts. EPIC III operates under SFDR Article 8 disclosure requirements and integrates ESG criteria throughout the investment process. The fund builds on EPIC I and EPIC II, which delivered performance above peer benchmarks by focusing on fragmented market consolidation and operational transformation of European champion businesses.