Agellus Capital Closes Inaugural Fund at $400 Million

CLAYTON, Mo.--(BUSINESS WIRE)--Jul 24, 2024--

Agellus Capital (“Agellus”), a lower middle-market private equity firm focused on partnering with essential, non-discretionary services companies, today announced the final close of its debut fund, Agellus Capital Private Equity Fund I (the “Fund”), with total limited partner capital commitments of $400 million. The Fund was oversubscribed, surpassing its $350 million target and securing investor commitments in less than five months.

The Fund received commitments from a diverse global investor base including endowments and foundations, global financial institutions, insurance companies, family offices, sovereign wealth funds, and several founders, executives, and other professionals.

“We are humbled by the reception our first fund received from the institutional investor community,” said Jeff Aiello, Co-Founder and Managing Partner of Agellus Capital. “We’re excited to capitalize on this momentum to partner with founders, families, and leaders to build great companies.”

Agellus invests in the business-to-business, non-discretionary consumer, and supply chain and infrastructure services markets, targeting initial platform investments of $2 million to $20 million of EBITDA. The firm seeks to drive transformational growth through complementary acquisitions and investments in talent, technology, and systems.

“We launched Agellus to be the partner of choice to our companies, investors, and people,” said Beau Thomas, Co-Founder and Managing Partner. “We are thankful for the support and conviction of our limited partners, advisors, and many others who contributed to our efforts.”

Aviditi Advisors served as the exclusive placement agent; Weil, Gotshal & Manges served as counsel.

About Agellus Capital

Founded in 2024 and based in Clayton, Missouri, Agellus partners with founders, families, and management teams to drive transformational growth in non-discretionary, essential services businesses in the United States and Canada. Agellus targets platforms of $2 million to $20 million of EBITDA in large, fragmented markets and aims to be the partner of choice in the middle market for its portfolio companies, investors, and people.

For more information, please visit www.agellus.com and follow us on LinkedIn.

About Aviditi Advisors

Aviditi Advisors is a premier alternative advisory firm servicing global alternative investment managers and investors who allocate to the sector (private and public). Aviditi stands apart in its fully integrated model across both illiquid and liquid advisory solutions, enabling the firm to provide full lifecycle outcomes to clients. For additional information about the firm, please visit www.aviditiadvisors.com.

About Weil, Gotshal & Manges

Founded in 1931, Weil, Gotshal & Manges LLP has been a preeminent provider of legal services for more than 90 years. With approximately 1,200 lawyers in offices on three continents, Weil has been a pioneer in the marketplace and a first mover in the establishment of many significant practice areas. The Firm’s four departments, Corporate, Litigation, Restructuring, and Tax, Executive Compensation & Benefits, and more than two dozen practice groups are consistently recognized as leaders in their respective fields.

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KEYWORD: UNITED STATES NORTH AMERICA MISSOURI

INDUSTRY KEYWORD: OTHER PROFESSIONAL SERVICES PROFESSIONAL SERVICES FINANCE

SOURCE: Agellus Capital

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PUB: 07/24/2024 08:30 AM/DISC: 07/24/2024 08:30 AM

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