Fundraising continues to defy market gloom

Many investment houses filling their coffers are weathering the storm adeptly. Most recently Glasgow-based venture outfit Pentech reached a final close of £45m for its second vehicle - an impressive slug above its £25m target and a step in the right direction for the out-of-vogue asset. Separately, ARCIS hit EUR354m for its fourth fund, more than twice its EUR175m predecessor raised in 2004. The secondaries specialist no doubt has an attractive pipeline at the moment, given market conditions.

Elysian Capital is said to be raising a fund with a target of £200m. The buyout house was established by Doughty Hanson co-founder Ken Terry and made its debut investment in March with a buyout of The Landscape Group. Elysian seeks to invest in deals with enterprise values of £10-100m. The lower mid-market house also just appointed Phil Greves as investment directory and Jack Jacovou as associate director.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Industry
• UK / Ireland