Endless holds £30m final close for Enact Fund II

The fund is the successor to the £7.4m vehicle Enact Fund I, which has realised all of its four investments and generated a gross multiple on invested capital of 5.4x. The predecessor made its final exit via the sale of Stirling Dynamics in 2018.

The latest development comes two months after the GP appointed Adam Milner and Luke Wolf as associate director and investment executive respectively in its Enact team.

Investors
The largest investor in the new vehicle is the Endless and Enact partner and employee group. Enact II also received commitments from entrepreneurs and board members at Yorkshire-headquartered businesses and advisory firms.

Investments
Enact II will make investments of up to £5m in UK-headquartered businesses that face capital constraints, strategic challenges or operational issues.

People
Endless – Chris Cormack (partner).

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