Global fund administrator and accounting firm Langham Hall has been appointed to provide fund administration services for UK private equity firm NorthEdge Capital’s Fund II, which has closed at a hard cap of GBP300 million.
This win has added to Langham Hall’s growing private equity client base which comprises of a portfolio of well known European and Asian private equity funds.
Niyamat Fazal, Langham Hall’s London-based Head of Private Equity, says: “Being selected by such a high calibre reputable firm is a major achievement. We look forward to working with NorthEdge and its team in 2016.”
Grant Berry, Managing Partner at NorthEdge Capital, says: “During our deliberations, Langham Hall demonstrated the right mix of experience, flexibility and responsiveness required by us and our investors.”
NorthEdge was established in 2011 by co-founders Grant Berry, Andy Ball and Dan Wright. It rose to prominence in the UK and European Private Equity market in 2013 after raising the largest maiden fund out of any first-time manager in Europe since the Global Financial Crisis of 2008.
Its first fund attracted capital commitments of GBP225 m and targeted lower mid-market buy-out and development capital transactions in the North of England. The fund typically invested between GBP5 million and GBP35 million in businesses within its portfolio with its most recent deal being the buyout of TKC, an established supplier to the fitted furniture industry.
