Palatine launches £300m fourth-generation vehicle

The fund is targeting £300m, according to an SEC filing.

Palatine Private Equity Fund III closed on £220m in June 2015, four months after it was launched in March 2015 with a target of £200m. The fund's LPs included Adams Street Partners, Access Capital Partners, East Riding Pension Fund and Golding Capital Partners.

Palatine's flagship funds invest in UK regional lower-mid-market funds, while its Impact Investing Fund targets businesses requiring equity tickets of less than £10m, with a focus on delivering positive social impact. The impact fund closed on £100m in 2017.

Evercore is acting as placement agent for Palatine IV, according to the SEC filing.

Palatine declined to comment.

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