AnaCap closes second fund on EUR575m

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Fund

London-based buyout house AnaCap Financial Partners has closed its second fund, AnaCap Financial Partners II, on EUR575m - almost twice the size of its predecessor, which closed on EUR300m in 2006. The average size of commitments was EUR25m. Ashurst provided legal advice.

Investors

LPs in the fund include Goldman Sachs, Allianz, Honeywell, Morgan Stanley Alternative Investment Partners, Adams Street Partners and the State of New Jersey.

Investments

The new vehicle will focus on making controlling investments of between EUR40-150m in mid-sized financial services companies across Europe. AnaCap invests in sectors such as mortgage products, small-medium enterprise loans, insurance, factoring, healthcare receivables, debt collections, consumer credit, auto loans and asset management. AnaCap has recently completed the acquisition of UK deposit-taking institution Ruffler Bank from its two funds.

People

AnaCap Financial Partners II is managed by a team of 18 investment professionals with financial services sector experience, based in London.

Name: AnaCap Financial Partners II

Closed On: EUR575m, June 2009

Focus: Financial services, Europe

Contact: Amber Hilkene

Address: AnaCap Financial Partners LLP

Stanford House

27a Floral Street

London

WC2 E9EZ

Tel: +44 20 7070 5250