Border to Coast Pensions Partnership (BCPP), the £46bn asset pool for 12 UK pension plans, has announced it is to make £500m in private equity investments in the next 12 months.
Charcoal and natural additives company saw final bids from two banks and one direct lender
VCs including the Swiss Entrepreneurs Fund, BtoV and Ringier Digital Ventures also participated
Around 40 existing and new LPs, including British Patient Capital and the EIF, participated
Fund will invest in buyouts, recapitalisations and carve-outs of both profitable and underperforming businesses