About This Fund
Pollen Street Capital V is the fifth flagship private equity vehicle launched by Pollen Street Capital, a London-based alternative asset manager focused on investing in financial and business services. The fund was launched in 2023 and held its first close at €1 billion. It eventually surpassed this target, with a total of €2 billion in capital. That includes €1.5 billion in fund commitments and another €500 million in co-investment capacity —.
PSC V aims to acquire control positions in lower middle-market companies that are fast-growing and technology-enabled. The fund prioritizes firms within the lending, payments, wealth management, insurance, and broader tech-enabled business services sectors. Its investment approach is centered on driving growth and creating market leaders through hands-on value creation strategies.
The fund plans to make equity investments ranging from £40 million to £100 million in 12 to 14 companies during its investment period. It targets businesses with enterprise values of up to £200 million and is designed to generate a gross return of 3.0x invested capital at the fund level.