Inflexion Private Equity Partners (Inflexion) has held the final close of Inflexion Enterprise Fund V and Inflexion Supplemental Fund V, securing commitments at their hard cap of GBP400 million and GBP600 million respectively.
Raised exclusively from Inflexion’s existing LP base of blue-chip investors from across Europe, the US and Asia, both Funds were oversubscribed and closed at their respective hard caps in under 10 weeks. The investors committing to the Funds comprise leading institutional investors, including state and corporate pension funds, insurance companies and sovereign wealth funds. In keeping with previous fundraisings, Inflexion closed both Funds on schedule and without the support of a placement agent.
Inflexion Enterprise Fund V is focused on the UK lower mid-market. The fund follows the same successful strategy employed by Inflexion for over 20 years, backing high growth, entrepreneurial businesses with ambitious management teams and working in partnership with them to accelerate growth. Enterprise Fund V will make investments of GBP10 million to GBP35 million, taking both majority and minority stakes, in established businesses. Both Funds will invest across all sectors and each investee company will have access to Inflexion’s extensive resources spanning digital enhancement, international expansion, acquisition support, operational improvement and talent management.
Inflexion Supplemental Fund V will invest primarily alongside Inflexion Buyout Fund V, a GBP1.25 billion fund, and Inflexion Partnership Capital Fund II, a GBP1 billion fund, the pools of capital Inflexion raised concurrently in 2018. As with Inflexion’s previous supplemental funds, Supplemental Fund V will support the firm on larger investments.
As with the funds raised in 2018, the Inflexion Foundation will receive distributions equal to 1% of the Funds’ profits. The Inflexion Foundation primarily supports organisations that improve the prospects of disadvantaged young people.
Simon Turner, Managing Partner at Inflexion, says: “We greatly appreciate the strong ongoing support of our existing investors to these funds. This is a clear demonstration of the continued investor appetite for private equity investing in the UK and beyond. Our family of funds give us unparalleled flexibility in the mid-market to offer tailored equity investments from GBP10 million to GBP250 million for majority or minority stakes. We are delighted that we can continue to back the widest possible range of high growth, entrepreneurial businesses combined with genuine support for ambitious management teams.”
