AshGrove Capital funding news – UK-based AshGrove Capital has closed its Fund II at €650 Million

Founded five years ago, it takes a unique approach, operating outside traditional European lenders and working directly with sponsors and business founders. The firm specializes in providing €10-50 million in secured loans to businesses with strong, stable revenue models.

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Fund II has already invested about 20% of its capital in five companies, with many more opportunities lined up. AshGrove’s first fund, which closed at €300 million in late 2021, is exceeding performance expectations and ranks in the top 5% of European senior debt funds, according to Burgiss.

The firm focuses on secure investments in companies with strong, stable business models in B2B software and services. AshGrove also prioritizes ESG values, promoting responsible and sustainable practices throughout its operations.

Phil Fretwell, co-founder and Partner at AshGrove, attributes the Firm’s success to skills and determination: “When we established the Firm, we saw a structural opportunity in the European lending market to back small and medium-sized companies with resilient, non-cyclical business models within B2B software and services. We believe access to credit should not be a function of business size, but the quality of the business model.”

About AshGrove

AshGrove offers flexible, custom credit solutions to small and medium-sized businesses across Europe, typically investing €10-40 million. They provide capital for growth, annual recurring revenue (ARR) financing, management buyouts (MBOs), acquisitions, recapitalizations, and succession planning.