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Top performing Volpi Capital Fund I fully realised in under 8 years

Posted on 20th July 2023

Volpi Capital LLP ('Volpi" or the 'Firm) is thrilled to announce that it reached a major milestone in June 2023 with the full realisation of its 2016 vintage Fund, following the exits of its two investments. This full realisation positions it as a top 5% performer for its vintage.

The returns Volpi delivered are an output of our consistent strategic discipline, evidenced by the fact that best-in-class-businesses continue to command attractive prices despite the challenging exit environment.

Volpi holds a distinctive position within the Northern European Lower Mid-Market Private Equity landscape. Our thematic specialism paves the way for our 'Pick Your Partner" origination, allowing us to grow the top-line through our replicable toolkit, with a large, liquid buyer pool of Mid-Market players to sell up to.

Fund I returns help validate our strategy, delivering on the promises we made to our investors since 2016. It demonstrates our ability to accelerate growth across markets, products, and management with the final Fund I revenue growth rate and EBITA margin placing it comfortably as a Rule of 50 portfolio.

It is important to highlight that this was achieved while maintaining conservative leverage levels, allowing our focus to remain on driving top-line growth.

It is testament to the development and build-out of the volpi team that we fully exited the Fund within a 12-month period, while continuing to buy two businesses a year. The team build-out is continuing as we expand our horizontal portfolio capabilities, including the establishment of our 'Performance, People and Culture" function, led by Jarlath Dooley and Emer Fogarty. This function is focused on working with both Volpi and portfolio companies on human resources through the lens of performance.

Volpi Fund II continues to develop and is positioned well for upside growth, as it tracks a similar growth and valuation profile to Fund I at comparative points in fund life. Our third fund, Volpi Fund III, is off to a strong start with its two high quality platforms (Xalient and Cyclomedia) successfully executing on their respective business plans already.

Commenting, Marco Sodi & Crevan O'Grady, Co-Founding Partners said, 'We would like to thank our Limited Partners for trusting us as stewards of their capital and for their ongoing support. We are proud to have delivered top performance on Fund I and look forward to repeating this success with Fund II and III.