Bermuda-based private equity and venture capital firm Oakley Capital Investments Ltd announced that it has made an investment to its fourth fund.

Oakley Capital Investments has committed 400 million euros ($456 million) in the new fund, Oakley Capital IV.

Oakley Capital IV, which is a replacement fund to Oakley Capital Private Equity III, will also provide significant long-term capital appreciation to investors.

The new fund aims to focus on buyout companies in industries with the potential for growth, consolidation, and performance improvement.