KCP reaches £55m first close

The GP aims to collect the remaining £25m in the coming months.

KCP has previously invested via annual funds. This new vehicle has therefore been labelled as the GP's eighth fund; however, this is its first time raising a traditional 2/20 private equity fund.

The fundraise comes after several exits for KCP, including the listing of Gear4Music in June, the divestment of WHP in May and the sale of Nurse Plus in January.

Investors
Key Capital Partners 8 has attracted commitments from large pension funds, institutions and several family offices.

Investments
The newly raised vehicle will target investments of between £3-15m for management buyouts and expansion deals.

People
Owen Trotter is managing partner at KCP.

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• UK / Ireland
• Buyout
• United Kingdom