YFM to hit the road for GBP 80m-GBP 100m fundraising in 2023

Wahida Ahmed
21 September 2022

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UK-based sponsor YFM is getting ready to start fundraising for its third flagship vehicle in the first half of 2023, Managing Director David Hall told Unquote.

YFM Equity Partners Buyout Fund III, which was registered in February 2021, will aim to raise between GBP 80m and GBP 100m.

The GP is in the pre-marketing phase with existing investors, Hall said. Typical LPs in YFM funds are UK-based private investors, including family offices and wealthy individuals with GBP 20m- GBP 100m of investible capital. Commitments tend to be of more than GBP 20m but can go as low as GBP 500,000, he said.

YFM will be approaching its existing LPs, he said.

YFM III will follow the same strategy as its predecessor, said Hall.

Previous funds
Plans for a new buyout fund come as the GP prepares to fully deploy YFM Equity Partners Buyout Fund II in the next 12 months. The vehicle, which held a final close in March 2020 on GBP 80m and counts five portfolio companies, is expected to make another five investments targeting UK-based small businesses.

Kent County Council Superannuation Fund and Nottinghamshire County Council Pension Fund invested in the fund.

In its most recent deal, Fund II, which deploys tickets of GBP 3m-GBP 10m, invested in SOS Leak Detection earlier this month.

YFM Buyout Fund I is fully invested, Hall told Unquote. The vehicle held a final close in May 2017 on GBP 45m, according to Unquote Data.

Kent County Council Superannuation Fund and Nottinghamshire County Council Pension Fund, invested in the fund.

[Editor's note: The article has been amended post-publication to remove an incorrect statement on Kent County Council Superannuation Fund and Nottinghamshire County Council Pension Fund being cornerstone investors in the new vehicle.]