Kester Capital wins ‘PE House of the Year – Small-Cap’ at the 2024 Real Deals Private Equity Awards

Kester Capital, a leading UK lower mid-market private equity firm, is pleased to announce being named ‘PE House of the Year – Small-Cap’ at the Real Deals Private Equity Awards 2024.

Despite market headwinds, Kester recently announced the successful final close of its latest fund, Kester Capital III (“the Fund”). The Fund, which was oversubscribed, exceeded its target of £150 million and closed at its hard cap of £200 million, more than double the size of its predecessor fund. In line with Kester Capital II, the strategy for the Fund remains focused on investing in primary buyouts in the healthcare and technology sectors. Kester Capital has committed 10% of the Fund’s carry to the Kester Foundation, which was established in 2022, to support a range of charities and not-for-profit organisations.

Fund III builds on the successes of Kester Capital I and Kester Capital II, which have delivered three consecutive exits with a return over 4x and seven consecutive exits with a return over 3x. Kester Capital’s most recent exit from Jollyes, announced earlier this month, delivered a return of 4.2x.

Cameron Crockett, Managing Partner at Kester Capital, said:

“We are delighted to have won this award. This recognition is testament to the progress we’ve made over the last 10 years. We would like to extend a huge thanks to our management teams, advisers, investors and team members.”