Painswick closes inaugural fund and related entities above target

Painswick Capital Management LP announced the final close of Painswick Capital Fund I LP and related entities on August 5, 2025. Combined commitments were approximately $1.5 billion, exceeding the fund's initial $750 million target. The disclosed total is a combined fundraising figure, rather than an exact standalone Fund I size or manager assets under management. Investors included pension funds, insurers, asset managers, foundations, endowments, family offices and individuals. The manager was founded in 2024 by John L. Garcia in partnership with AEA Investors. By the announcement, Painswick had completed four investments in North America and Europe. Simpson Thacher advised on the fundraise.