Scottish Equity Partners announces fund launch
British growth equity and venture capital investor Scottish Equity Partners (SEP) has launched new fund SEP IV, already raising £185m.
SEP IV has exceeded the company's previous fund, SEP III, which closed on £160m in 2006. The fund target has not been disclosed.
Investors
All current commitments came from SEP's existing institutional investors.
Investments
The fund will be used for early-stage investments and funding for more established companies, ranging between £2-5m and £5-15m respectively. SEP plans to use the fund primarily to invest in IT, energy and healthcare companies with high growth potential across the UK.
People
The fund will be managed by SEP with a staff of 25 across London and Glasgow.
More on UK / Ireland
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater