|
Laxman Pai, Opalesque Asia: Inflexion Private Equity Partners has held a final close on its Buyout Fund VI at the hard cap of GBP 2.5bn ($3.3 billion), almost double the size of its predecessor.
The mid-market specialist said in a press release that the new fund will invest in businesses in the UK and Europe with an enterprise value of up to GBP 1bn across business services, technology, healthcare, industrials, consumer, and financial services.
The GP launched Buyout VI in March 2021 with a target of GBP 2bn. The fund has entered into a capital call facility that includes ESG metrics, the release said.
The investor base comprises commitments from existing and new limited partners across the US, Asia, Europe, and the Middle East and includes state and corporate pension plans, insurance companies, and sovereign wealth funds. The fundraise was strongly supported by existing investors with 70% increasing their commitment and a re-up rate of 100% by capital.
The fund is double the size of its predecessor, Buyout Fund V, which closed in May 2018 at GBP 1.25bn and seeks to deploy tickets of GBP 10m-GBP 200m in Europe.
"Buyout Fund VI will be complemented by Inflexion's existing family of funds including Partnership Capital, its dedicated minority investment fund, and Enterprise Fund, its lower mid-market fund. All investee companies have access to Inflexion's value acceleration strategies including M&A, international expansion, digital enhancement, commerci...................... To view our full article Click here
|
RSS
