Livingbridge holds final close on £660m for eighth fund

The final close follows two months after the vehicle held a first close at £445m in July. Livingbridge 6 is the GP's eighth fund since it was founded in 1995 and follows Livingbridge's successful close of its Enterprise 2 fund in September 2015, which raised £220m to invest in smaller SMEs.

Investors
The fund's LP base is from the UK, Europe and the US, and drawn from insurance companies, public and corporate pension funds, funds-of-funds and family offices.

Investments
The vehicle will invest in growth equity or buyouts in the UK. The target will be companies with an enterprise value between £20-75m across a variety of sectors ranging from business and financial services to telecoms, media, technology, consumer, healthcare and education.

The Livingbridge platform provides companies equity funding of £2-40m. The GP made its 100th investment in April with the MBO of UK biscuit group Thomas J Fudge.

People
Livingbridge – Wol Kolade (managing partner).

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• Topics
• Funds
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• Buyout
• Livingbridge
• United Kingdom