WestBridge closes £30m SME fund
WestBridge Capital has closed the WestBridge SME Fund on its ТЃ30m target after two years of fundraising.
The fund has already invested in the MBOs of Kallidus, Aero Stanrew and Energist Group.
Investors
The fund's investor base consists of both private high-net-worth investors and institutional investors. The latter includes South Yorkshire Pension Fund and the European Union's "competitiveness and innovation framework programme," managed by the European Investment Fund.
Investments
The fund will invest £1-8m in UK-based SMEs with an enterprise value of up to £15m. The range of transactions it will undertake includes MBOs, development capital, acquisition capital, buy-and-builds, replacement capital and institutional purchases.
People
Fundraising was led by partner and chairman James Wakefield, managing partner Guy Davies, partner Valerie Kendall and partner Sandy Smart.
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