LONDON, December 18, 2025 – Proskauer advised MML Capital (“MML”) on the successful final close of the oversubscribed MML Keystone I and its associated co-investment and managed vehicles, securing €935 million in commitments.

Among the largest fundraises on record for a new European strategy, according to data from Preqin, commitments were secured from a globally diverse group of blue-chip institutional investors including pension funds, consultants, asset managers, funds of funds and family offices from Europe, North America, Asia, Australia and the Middle East.

MML Keystone is a specialist strategy focused on high-growth, asset-backed businesses in the UK and Europe that provide essential services aligned with major societal megatrends. These include the circular economy, energy transition, digitalisation, and access to healthcare and education. Typical equity investments will range from €30 million to €200 million.

Proskauer previously advised MML on the closing of its €1 Billion Partnership VIII Fund.

The Proskauer team was led by partner Duncan Woollard and included associates Tom Woods and Zuaib Kassam (Private Investment Funds).

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