Livingbridge EP LLP (“Livingbridge”) has held a first and final close of Livingbridge Enterprise 2 LP(“Enterprise 2” or “the Fund”) at the hard cap of £220m.
Enterprise 2 will support fast growth SMEs in the UK and will invest in growth equity and buyout transactions of profitable companies initially requiring up to £10m of equity capital1.
Enterprise 2 has a globally diversified investor base with Limited Partners committing to the fund from the UK, Europe and the US where 30% of the capital was raised. Insurance companies, fund of funds, family offices, corporate and state pension funds are all represented with both existing and new Limited Partners attracted to the Fund.
Wol Kolade, Managing Partner at Livingbridge comments: “We are delighted that so many of our existing investors have once again supported the Livingbridge Platform. Fast growth entrepreneurial businesses in the UK continue to offer exciting investment opportunities. We are pleased that our new Limited Partners have recognised our longstanding focus on these businesses and proven ability to source and invest in them. We look forward to continuing to deliver strong and attractive returns for all our investors.”
1. As of August 2016 the Livingbridge Enterprise 2 Fund’s equity range increased to £5m – £15m.