Scarcity Partners to close $300 million fund as interest swells
After exiting its first investment in just 12 months, Scarcity’s ex-Pinnacle founders are now looking to build on their momentum.
Fresh off its first exit, Scarcity Partners is gearing up to tap the market for more capital and hard close its first $300 million fund — just as major US alternative manager Blue Owl Capital is tipped to enter the increasingly hot space.
After offloading its 30% stake in managed accounts firm Evidentia Group to Generation Development Group this week, founding partner Adrian Whittingham said Scarcity’s first $130 million fund was preparing for a flood of new capital.
"We will reopen it within the next month or so, and then we will hard close at $300 million by the end of this year and then deploy the capital over the rest of 2025 and 2026," Whittingham said.
The Evidentia exit — which saw Scarcity turn $42 million into $108 million in just 12 months — has reinforced the firm’s GP staking strategy, where it takes minority positions in promising investment firms. The strong result has caught the attention of investors.
