Inverleith holds €60m final close for maiden fund

The GP was founded in 2010 by former Noble Group chairperson and CEO Ben Thomson, and former L Capital partner and UK head Paul Skipworth.

Aerius Associates acted as placement agent in the fundraising and Dickson Minto provided legal advisory services.

Investors
The vehicle has received commitments from institutional investors including Saint Fiacre Investissements, Pictet Private Equity Investors, Access Capital, BVK PE Europe, MIS Nominees, IMWS and Roy Nominees. It also received numerous commitments from individual investors.

Investments
The fund, Inverleith Limited Partnership, will primarily target minority and majority investments in UK-headquartered consumer businesses valued at up to €30m, though it will also consider "opportunistic" investments in other northern European geographies, according to a statement. It will primarily look to implement international expansion strategies.

Inverleith has made two investments to date; those for subscription-based single-cask malt whisky society Scotch Malt Whisky Society, and hemp milk producer Braham and Murray Good Hemp.

Its strategy focuses on professionalising the marketing and sales operations at lower-mid-market businesses, with a view to selling them to trade buyers or private equity peers.

People
Inverleith – Paul Skipworth (managing partner); Ben Thomson (chairperson, partner).

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• Topics
• Funds
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