UK - Lyceum Capital closes second fund above target on £255m
Lyceum Capital has closed its second fund £55m above its £200m target on £255m. Lyceum Capital Fund II will invest, alongside management, in mid-sized UK-headquartered service companies. This is the first fund that Lyceum has raised since its buyout from WestLB in May 2006. Since then, Lyceum has completed 16 acquisitions (2 new platform acquisitions and 14 add-on acquisitions) and successfully exited four investments - realising in aggregate £216m for investors in addition to earlier realisations of Southern Cross and Asquith Schools totalling £225m.
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