Three Hills closes fourth fund at hard cap of €1 billion

Three Hills Capital Partners (“THCP” or “the Firm”) is pleased to announce that it has held the final close of Three Hills Capital Solutions IV (“THCS IV” or “the Fund”) at its hard cap of just over €1 billion. This represents a significant uplift on its predecessor fund, THCS III, which closed on €540 million in 2019.

THCP is a pioneer and leader in European structured capital, offering flexible financing solutions and value-add expertise to entrepreneur-led businesses, helping them achieve their next phase of growth. With over €2 billion of total assets under management, THCP is an established player in the space and one of the few truly pan-regional players in Europe, with an active portfolio and pipeline spanning eight countries. In addition to providing capital, THCP will continue to actively support its portfolio companies’ strategy, operations and ESG via its dedicated “Value Creation” operating team.  

THCP’s cycle-tested, downside-protected strategy attracted significant interest from a global investor base. The Fund received strong support from THCP’s existing LPs, with the large majority re-investing into THCS IV, alongside a number of new investors. The Fund’s broad investor base comprises both institutional investors and private wealth, including public pension plans, foundations, insurance companies, consultants and sovereign wealth funds across Europe, North America and Asia.

Mauro Moretti, Founder and Chairman of the Firm’s Investment Committee said:

This latest fund is an important milestone for THCP and will allow us to support many more entrepreneurs and management teams with our flexible financing solutions and operational expertise.

Mauro Moretti, Founder and Chairman of the Firm’s Investment Committee

THCP is confident that the vintage is well positioned to deliver sustainable growth in today’s market. The Fund has already completed two investments to date, further supported by an exciting pipeline of potential investment opportunities. Mauro continued.

I want to thank our investors for their continued trust and support, as well as the partners within our portfolio and the whole THCP team for the part they have played in our growth. Our expanding investor base is testament to the strength of our unique strategy and further cements THCP’s position in the private market space.

Mauro

The Firm, alongside holding company Atypical Partner, plans to leverage the strong fundraising momentum to reach €3 billion of assets under management over the next 12 months.

Rede Partners acted as global fundraising adviser to THCP, while the legal adviser to the Fund was Clifford Chance.