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.
Amanda Good joins from Hg as partner; she has prior experience with Bain & Company
New fund is more than double the size of its €550m predecessor, IK Small Cap II Fund, which is now almost fully invested
Company intends to launch a new round of funding later this year, with the goal of raising around $250m
Private debt fund focuses on lower-mid-market companies; its predecessor closed on €706.5m in 2018