Preservation Capital Partners
Preservation Capital Partners is a London-based lower middle market private equity firm founded in 2017 that makes control investments in asset-light financial and business services companies across Western Europe, managing approximately €1 billion AUM across three active funds.
- Company typePrivate
- Founded2017
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Preservation Capital Partners does
Preservation Capital Partners (PCP) is a London-based lower middle market private equity firm founded in 2017 that specializes exclusively in control investments across the financial and business services sectors in Western Europe. The firm partners with management teams of market-leading, asset-light businesses with proven resilient models and recurring revenues, providing strategic, operational, and financial guidance rather than relying on financial engineering. PCP's portfolio spans insurance distribution (BMS Group, Optio, BPL), wealth management and WealthTech (Parmenion, Saltus), and professional services (Vallei Finance Group), with HBC recently exited to Bridgepoint and Ascent Underwriting as a realized investment.
PCP operates as a fund manager running three active vehicles: Fund I (£309M hard cap, closed 2020), Strategic Opportunities Fund I (£150M continuation fund, closed 2023), and Fund II (€459M, closed March 2024), collectively representing approximately €1 billion in AUM. The firm raises capital from institutional investors including public pension plans, funds of funds, and institutional family offices, and deploys capital via control buyouts and buy-and-build strategies supported by management retention of significant equity. The investment team of around 15 FTEs is led by founder Jatender Aujla (formerly Warburg Pincus) and draws on experience from TowerBrook, Corsair, J.C. Flowers, EQT, Centerbridge, and Partners Group.
The firm differentiates through deep sector specialization rather than technology. Notable portfolio-company technology assets include Parmenion's adviser platform with access to 600+ third-party funds, Optio's proprietary quote-and-bind technology for specialty MGAs, Heca's all-in-one broker CRM with blockchain verification, and Crebita's real-time digital credit insurance platform. PCP is FCA-authorized, a UN-PRI signatory, and based at 25 Golden Square, London.
Preservation Capital Partners firmographics
Firmographics- Name
- Preservation Capital Partners
- Legal name
- Preservation Capital Partners Limited
- Website
- https://www.preservationcapitalpartners.com/
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Preservation Capital Partners is a London-based lower middle market private equity firm founded in 2017 that makes control investments in asset-light financial and business services companies across Western Europe, managing approximately €1 billion AUM across three active funds.
- Ownership category
- akta.pro rank
Preservation Capital Partners industry classification
Industry- Product category
- Private Equity Fund Management
- NAICS
- Other Financial Vehicles (525990), Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- HoldCo / Permanent Capital ETA (FSANALAE)
Keywords
Where Preservation Capital Partners is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Preservation Capital Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Fund Management Fees: Private equity firm that generates returns through fund management by investing in financial and business services companies in Western Europe. Returns are generated through underlying revenue and earnings growth of portfolio companies.
- Carried Interest / Performance Fees: Creates value through buy-and-build strategies, operational improvements, and eventual exit of portfolio companies. Fund I raised £309m, Fund II raised €459m, Strategic Opportunities Fund I raised £150m.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Fund management with institutional and family office investors |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Preservation Capital Partners product offering
Product offeringCore offering
Preservation Capital Partners is a specialist private equity firm that makes control investments in market-leading financial and business services companies across Western Europe. The firm raises and manages private equity funds (Fund I £309m, Fund II €459m, Strategic Opportunities Fund I £150m), invests alongside management teams, and creates value through revenue and earnings growth, buy-and-build strategies, technology enablement, and operational improvements.
Product overview
Preservation Capital Partners is a specialist private equity firm that operates as a fund manager rather than a product company. PCP manages multiple investment vehicles including PCP Fund I (£309m hard cap, 2020), PCP Fund II (€459m, 2024), and PCP Strategic Opportunities Fund I (£150m continuation fund, 2023). The firm focuses on control investments in asset-light financial services and business services companies across Western Europe, with portfolio companies spanning insurance distribution (BMS, Optio), wealth management technology (Parmenion, Saltus), professional services (Vallei), credit and political risk insurance (BPL), and specialty MGA businesses (Ascent). PCP creates value through strategic guidance, operational expertise, and supporting portfolio companies' growth via M&A and organic expansion.
Differentiator
Problem solved
Functional benefit
Products and services
- PCP Fund I Preservation Capital Partners' debut private equity fund closed at a £309 million hard cap in 2020, focused on control investments in asset-light financial and business services companies across Western and Northern Europe.
- PCP Fund II Preservation Capital Partners' second flagship private equity fund closed at €459 million in March 2024, focused on control investments in asset-light financial services companies across Western Europe.
- PCP Strategic Opportunities Fund I A £150 million continuation fund raised in 2023 for reinvestment into BMS Group alongside co-investments from existing LPs including BCI and Eurazeo.
- Control Investment Programme in Financial and Business Services PCP's primary investment approach focused on acquiring control stakes in market-leading, asset-light financial and business services companies across Western Europe, creating value through revenue and earnings growth, buy-and-build strategies, and operational improvements.
Quantifiable outcome
- Fund II grew 30% from Fund I, closing at €459 million against predecessor fund of €350 million
- +2 more outcomes
Companies that use Preservation Capital Partners
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles2 records
Preservation Capital Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Preservation Capital Partners partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Cove ProgramscorePCP made a strategic investment in US construction-focused MGA Cove Programs. Together with Ascent Underwriting, the combined business manages in excess of $200 million GWP, making it one of the largest independently owned emerging risk and specialty lines MGAs. The two companies operate under their respective brands while senior management drove combined value creation.
- Ascent UnderwritingcorePCP's first investment was in Ascent Underwriting, a leading cyber and specialty lines MGA in the Lloyd's market. Ascent was founded in 2013 and grew to become one of the leading cyber markets in Lloyd's. PCP provided growth capital for development of new business lines and M&A. Management retained significant shareholding.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
Preservation Capital Partners competitors and assessment
Company assessmentDirect peers
- Bowmark Capital: Bowmark Capital is a London-based mid-market PE firm focused on UK business services and financial services. It is directly comparable to PCP in target deal size, sector focus on asset-light recurring-revenue models, and geographic concentration in the UK and Western Europe.
- Penta Capital: Penta Capital is a London-based mid-market PE firm focused on UK and European financial services businesses including insurance, wealth management, and specialist lenders. It is a directly comparable lower mid-market specialist with similar deal size and asset-light thesis to PCP.
- Centerbridge Partners: Centerbridge is a US- and London-based PE firm with a focused financial services vertical targeting asset-light businesses. PCP MD Armin Holeisen and EA Deborah Orden both joined from Centerbridge, making it a peer with overlapping deal sourcing, target profile, and team DNA.
- AnaCap Financial Partners: AnaCap is a London-based specialist PE investor in European financial services. It targets control and growth investments in financial services and tech-enabled services, with a comparable mid-market focus and overlapping sub-sectors (insurance, lending, payments). PCP founder Jatender Aujla started his career as an analyst at AnaCap.
- Corsair Capital: Corsair Capital is a New York- and London-based private equity firm exclusively focused on asset-light financial services businesses. It is the closest direct competitor to PCP, with virtually identical investment thesis (insurance distribution, wealth management, financial technology), geography, and team pedigree (a former VP at Corsair, Fares Bouhadiba, joined PCP in 2024).
- TowerBrook Capital Partners: TowerBrook is a London- and New York-based PE firm with a dedicated financial services vertical focused on asset-light businesses. PCP Partner Jeroen Bischops previously led TowerBrook's European financial services private equity practice, making it a directly comparable peer in thesis, scale, and team composition.
- Inflexion Private Equity: Inflexion is a UK mid-market PE firm with an established financial services practice covering insurance, wealth management, and business services. PCP CFO Nawaz Ahmed was previously Head of Fund & Corporate Accounting at Inflexion, and the firm is a comparable London-based mid-market sponsor with overlapping portfolio themes.
Broad incumbents
- Bridgepoint Group: Bridgepoint is a large quoted European mid-market PE firm with financial services as a core vertical. It acquired HBC from PCP in 2025, making it both a transaction counterparty and a scaled competitor with materially larger fund sizes (Fund VI ~€4bn+). Comparable in sector focus but broader in geography and deal size.
- EQT Partners: EQT is a large global PE firm with a dedicated Financial Services strategy covering asset-light businesses in Europe. PCP VP Giulia Monteduro joined from EQT in 2025, and EQT competes with PCP for similar mid-market European financial services platforms but at materially larger scale.
- Cinven: Cinven is a large European PE firm with a long-standing financial services franchise (insurance, wealth management). PCP Investment Committee member Brian Linden is a Cinven founding partner. Comparable sector focus but materially larger fund sizes (€13bn+ Fund 8) and broader European mandate.
Market position
Strengths1 record
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Preservation Capital Partners social profiles
Digital presencePreservation Capital Partners compliance and trust
Trust signalCompliance3 records
Preservation Capital Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Preservation Capital Partners leadership team
Management profileNumber of profiles
Profiles15 records
Preservation Capital Partners subsidiaries and ownership
Company hierarchySubsidiaries6 records
Preservation Capital Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Preservation Capital Partners M&A and investment
M&A and investmentM&A4 records
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Preservation Capital Partners
What does Preservation Capital Partners do?
Preservation Capital Partners is a specialist private equity firm that makes control investments in market-leading financial and business services companies across Western Europe. The firm raises and manages private equity funds (Fund I £309m, Fund II €459m, Strategic Opportunities Fund I £150m), invests alongside management teams, and creates value through revenue and earnings growth, buy-and-build strategies, technology enablement, and operational improvements.
Is Preservation Capital Partners a public or private company?
Preservation Capital Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Preservation Capital Partners founded?
Preservation Capital Partners was founded in 2017. It employs 11 to 50 people.
Where is Preservation Capital Partners based?
Preservation Capital Partners is headquartered in London, United Kingdom, in the Europe region.
How does Preservation Capital Partners make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest / Performance Fees.
Who are Preservation Capital Partners's main competitors?
Direct peers on record are Bowmark Capital, Penta Capital, Centerbridge Partners, AnaCap Financial Partners, Corsair Capital, TowerBrook Capital Partners and Inflexion Private Equity. Broad incumbents are Bridgepoint Group, EQT Partners and Cinven.
Does Preservation Capital Partners have an API?
No public API is recorded for Preservation Capital Partners.
What industry is Preservation Capital Partners in?
Preservation Capital Partners's product category is Private Equity Fund Management. Its primary akta.pro industry code is FSANALAE, HoldCo / Permanent Capital ETA. Its NAICS code is 525990 and its SIC code is 6282.