This milestone marks the firm’s most successful fundraise to date, reflecting continued investor confidence in MML Ireland’s differentiated investment strategy and strong track record.

Fund III attracted support from a high-quality and diverse group of institutional investors, with strong backing from existing investors, the majority of whom significantly increased their commitment size. The team was also pleased to welcome new international institutional investors, including a European Asset Manager and a US-based life insurance group.

Rory Quirke, Managing Partner and Co-Head of Investment at MML Ireland, commented:

“We are delighted to have closed Fund III at €235 million, well above our original target. The strong interest from both existing and new investors is a testament to the quality of our portfolio companies and the hard work of the entire MML Ireland team. We are especially pleased to welcome new institutional investors into our investor base. Their participation reflects the growing international interest in Irish SMEs and the opportunities we see in the market.”

MML Ireland provides flexible capital solutions to ambitious Irish SMEs, supporting a range of growth and transition scenarios including expansion, acquisitions, re-capitalisations, management buyouts (MBOs), and shareholder re-organisations. Fund III will continue this strategy, partnering with high-potential businesses through investments of between €5 million and €20 million, with additional capacity for larger opportunities in the €20–30 million range. The team has already begun deploying capital from Fund III, with its investment in Mail Metrics, completed in December 2024.

Neil McGowan, Managing Partner and Co-Head of Investment at MML Ireland, added:

“We believe that Ireland remains one of the most compelling markets in Europe for investing in high-quality, founder-led businesses. With Fund III, we are better positioned than ever to help these companies scale. Our flexible capital model and focus on active partnership allow us to support a wide range of transaction types that enable growth and succession. We are grateful to our investors for their trust and look forward to building on the strong performance of our previous funds.”

Fund III will be deployed by MML Ireland’s senior investment team, led by Managing Partners and Co-Heads of Investment Rory Quirke and Neil McGowan, alongside Directors Shane Cooke, Chris Walsh and Stephen Minogue. This broader leadership team reflects the continued growth and depth of the MML Ireland platform.

Fund III builds on the success of MML Ireland’s prior two funds, Fund I, launched in 2013 with €125 million and Fund II, which launched in 2019 with €145 million. These funds supported 23 platform investments across a range of sectors and delivered strong returns to investors. The firm has realised 13 of these investments to date across both funds, generating over €545 million in proceeds.