Charterhouse Capital Partners has secured approximately €1bn at the first close of its latest flagship fund, according to a report by Bloomberg citing people familiar with the matter. The firm is targeting €1.5bn for Charterhouse Capital Partners XII (CCP XII), with a final close expected in the coming months.

Fundraising for the vehicle launched last summer. Its predecessor fund, CCP XI, closed on €1.4bn in 2023. Charterhouse, which focuses on pan-European mid-market investments across services and healthcare, has returned around €2bn of proceeds to investors since 2023.

Recent exits include the sale of Casa Optima to a consortium led by Terlos, and a minority stake in Novetude Group to Hayfin Capital Management and Peugeot Invest. The manager typically targets businesses with enterprise values between €150m and €1.5bn. It has already begun deploying capital from CCP XII, announcing the acquisition of medtech company Winback in December.

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