PX3 Partners Raises €1.1 Billion in Inaugural Fund, Invests in Leading Firms
Funding | 15 May 2025 | Carey Olsen
In a notable accomplishment, PX3 Partners has announced the successful close of its inaugural fund, totaling €1.1 billion in assets under management. Attracting a wide spectrum of institutional investors, the fund includes asset managers, endowments, global family offices, and more, affirming its broad-based appeal across North America, Europe, the Middle East, and Asia-Pacific. Carey Olsen acted as the Guernsey legal counsel with partner David Crosland and supported by senior associates Tracey Powell and Oliver Orton. Fund administrator Langham Hall, led by partner Jon Young, provided crucial services that ensured compliance and smooth onboarding. PX3 Partners, a private equity firm established in 2021, has already allocated capital into three significant sector-leading companies: Com Laude for domain protection, Cofimco in fan manufacturing, and Cleanova in industrial filtration. This demonstrates PX3's commitment to enhancing firms with robust fundamentals and potential for global leadership across business services, consumer and leisure, and industrials sectors.
Sectors
- Private Equity
- Financial Services
- Business Services
- Industrials
- Consumer and Leisure
Geography
- Guernsey – Carey Olsen and Langham Hall provided legal and administrative services from this jurisdiction.
- Europe – PX3 Partners is a pan-European private equity firm and their fund attracted European investors.
- North America – The fund attracted institutional investors from this region.
- Middle East – PX3's fund drew interest from Middle Eastern investors, highlighting a global reach.
- Asia-Pacific – Investors from Asia-Pacific were among the global pool in PX3's fundraise.
Industry
- Private Equity – PX3 Partners is a private equity firm and its activities around fund-raising and investments fall squarely within this industry.
- Financial Services – Involves investment management services and fund administration as demonstrated by Langham Hall's role.
- Business Services – PX3 focuses on companies within this sector as one of their target investment areas.
- Industrials – The investment in Cofimco and Cleanova aligns with this sector, showcasing PX3's focus area.
- Consumer and Leisure – PX3 targets companies in this industry, indicating the firm's strategic interest.
Financials
- €1.1 billion – The total assets under management reached by PX3 Partners' inaugural fundraise.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PX3 Partners | Fundraiser and Investor | Company | A pan-European private equity firm targeting business services, consumer and leisure, and industrials sectors. |
| Carey Olsen | Legal Advisor | Company | Acted as Guernsey legal counsel for PX3 Partners. |
| Langham Hall | Fund Administrator | Company | Provided fund administration services, including regulatory support and investor onboarding. |
| Com Laude | Portfolio Company | Company | A global domain and brand protection specialist. |
| Cofimco | Portfolio Company | Company | The world's leading manufacturer of extruded aluminium fans. |
| Cleanova | Portfolio Company | Company | A leading provider of industrial filtration systems. |
| David Crosland | Partner | Person | Partner at Carey Olsen, led the corporate team. |
| Tracey Powell | Senior Associate | Person | Senior associate at Carey Olsen, supported the corporate team. |
| Oliver Orton | Senior Associate | Person | Senior associate at Carey Olsen, supported the corporate team. |
| Jon Young | Partner | Person | Partner at Langham Hall, led the fund administration team. |