Broadwell Capital Limited (Broadwell) has successfully raised USD1 billion in commitments for its first private equity fund, the Broadwell Tactical Opportunities Fund (Fund).
Broadwell was established to acquire opportunistic investments across all sectors and asset classes, targeting investment opportunities that are often complex and illiquid.
Caspar Gilroy, Chairman and founder of Broadwell explained “We see significant opportunity to target esoteric deals that most private equity houses will avoid due to complexity. We have the ability to move rapidly and are agnostic when it comes to which sectors we look at. We look to deploy a minimum of USD100 million per opportunity. We are not constrained by concentration risk and are delighted by the board, advisory board and team that we have put together.”
Mark Bourgeois, CEO & President of Atlantic‐Pacific Capital (Atlantic-Pacific), Broadwell’s global exclusive placement agent, adds: “We are pleased to have partnered with Broadwell for the raising of its first fund, which has ended up being one of the largest first time funds in the world this year.”
Tanguy Cotton, Partner at Atlantic‐ Pacific, further adds, “We believe Broadwell’s offering is truly differentiated, and we wish them continued success as they deploy their new fund.”
Skadden, Arps, Slate, Meagher & Flom (UK) (Skadden) acted as legal adviser to Broadwell.
Stephen Sims, European practice leader of Skadden's Investment Management Group, who has advised Gilroy for many years adds: "We are delighted to have advised Broadwell on this exciting investment fund and look forward to assisting Broadwell."
