Ludgate targets $200-300m for new fund
UK-based growth capital provider Ludgate Investments is looking to raise up to $300m for its new fund - more than doubling its previous effort - according to reports.
The firm is understood to be looking to start raising the fund later this year. It launched its previous vehicle, a listed closed-ended fund, in 2007 and raised around $100m. The fund has so far deployed £51m.
Ludgate focuses on providing expansion capital to growth-stage companies specialising in resource efficiency. It announced the appointment of two non-executive directors to its investment committee last month and backed three businesses across Europe in May.
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