Inflexion closes sixth buyout fund at GBP 2.5bn

The new fund will invest in businesses in the UK and Europe with an enterprise value of up to GBP 1bn across business services, technology, healthcare, industrials, consumer and financial services.

The GP launched Buyout VI in March 2021 with a target of GBP 2bn. The fund has entered into a capital call facility that includes ESG metrics, Inflexion said in a statement.

The GP hired an ESG director last month. 

The fund is double the size of its predecessor, Buyout Fund V, which closed in May 2018 at GBP 1.25bn and seeks to deploy tickets of GBP 10m-GBP 200m in Europe.

Buyout VI will be complemented by other Inflexion funds, including its minority investment fund Partnership Capital and lower mid-market fund Enterprise Fund. 

Its second Partnership Capital fund closed in May 2018 at GBP 1bn and deploys tickets of GBP 10-GBP 200m. Its fifth Enterprise Fund closed in April 2019 on its hard cap of GBP 400m, with tickets between GBP 10m-GBP 35m. 

Inflexion said that eight portfolio realisations in 2021 had returned GBP 1.6bn to investors at an average return of 38%.

Investors

The investor base is comprised of existing and new limited partners across the US, Asia, Europe and the Middle East, said Inflexion in a statement. It includes state and corporate pension plans, insurance companies and sovereign wealth funds.

Around 70% of existing investors increased their commitment and the fund saw a re-up rate of 100% by capital, said Inflexion. 

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• Topics
• Buyout
• Inflexion Private Equity