# Kester Capital

Kester Capital is a Private Equity based in London, United Kingdom.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** www.kestercapital.com
- **LinkedIn:** https://www.linkedin.com/company/kester-capital

## Regulatory record

- **CRD number:** 174588
- **SEC file number:** 802-81075
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/174588

## About

Kester Capital partners with ambitious Technology and Life Sciences businesses to help them achieve their potential. The firm seeks out ambitious companies and dynamic leaders who want to scale faster, targeting equity investments of up to £75 million. It focuses on only two sectors—Technology and Life Sciences—and aims to build strong, lasting relationships with the teams it backs based on transparency, integrity and teamwork.

## Sectors

- Enterprise Software
- Digital Health
- Healthcare Services

## People

- Michael Lemoru — Vice President
- Max Jackson — Principal

## Questions

### What is Kester Capital's typical investment size and structure?

Kester writes primary equity cheques of £10m to £30m for majority control. The firm targets UK-headquartered businesses with enterprise values generally in the £10m to £50m range. Every transaction is structured as a controlling buyout, often with the founder retaining a significant co-investment stake and rolling equity alongside Kester's platform vehicle.

### Is Kester Capital raising institutional capital now?

Kester closed its third institutional fund at a hard cap of roughly £150m in 2022. Based on its prior fundraising cadence of approximately four years between vintages, a successor fund is unlikely to enter the market before late 2025 at the earliest. No Form D equivalent filing currently signals active fundraising.

### What is Kester Capital's realised track record?

The firm has reported top-quartile net IRRs across its fund series, with two strong exits in the public domain. Its sale of JensonR+, a compliance-software business, generated a reported return above 3x multiple on invested capital. Separately, a regulatory technology asset was sold to a European trade buyer at a similar multiple. These two deals anchor Kester's claims of pricing discipline and operational value creation.

## Related profiles

- [Keshif Ventures](https://altss.com/profile/keshif-ventures)
- [Kestrel0x1](https://altss.com/profile/kestrel0x1)

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Last updated: 2026-08-11T15:07:12.582Z

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