Preservation Capital Partners closes PCP Fund III at €879 million hard cap
Tuesday, November 3, 2026 · first reported by Channel Eye
PCP Fund III, raised by London-based private equity firm Preservation Capital Partners, reached its final close at the €879 million hard cap, which the report equates to about US$1 billion. Demand exceeded supply, and the fund is around double its predecessor's size.
Investors include pension funds, insurers, asset managers, endowments, foundations and family offices. Many existing backers returned, while new ones came from the United Kingdom, North America, Continental Europe, the Middle East and Asia.
Aztec Group's Guernsey team supported the raise. Carey Olsen acted as Guernsey legal counsel, and Kirkland & Ellis was lead onshore counsel.
- Fund
- PCP Fund III
- Size
- $1B
- Stage
- Final close
- Asset class
- Private equity
- Geography
- Europe
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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