DMC Partners, the emerging markets-focused private equity firm co-founded by a clutch of high-profile bankers – including a trio of senior Goldman Sachs executives – has abandoned plans to raise its first fund.

The London-based firm was set up by Edward Eisler, the former co-head of global securities at Goldman Sachs; Sam Wisnia, who led macro structuring at the bank; Chris Barter, the former co-chief executive of the Moscow office; and Philippe Costeletos, the former head of Europe at global buyout firm TPG Capital.