Unquote interviews Sam Kay from Travers Smith, finalist in the Law Firm Of The Year – Fund Structuring category for the 2020 British Private Equity Awards.
Partner Sam Kay says fundraising remained resilient under lockdown this year, but that a number of these processes had started prior to the Covid-19 crisis. Another key focus point for Travers Smith over recent months has been fund financing, and more generally portfolio management for funds.
Kay argues that, rather than being a short-term adaptation to the coronavirus restrictions, the new methods developed to continue fundraising could become the new normal for private equity.
Managing director Craig Ferguson discusses accelerated deployment activity during the pandemic and plans to scale up the PE allocation by 2025
Fund has a target of $600m, which it plans to reach by next year, according to Kommersant
Existing investors including Institut Català de Finances also take part in the financing
Biotech company initially raised €12m in December 2018