FPE Capital LLP (FPE), the software & services focused lower mid-market growth investor, has successfully closed its third fund (FPE Fund III), with investor commitments of £185 million ($235 million).
The Fund hard cap was raised during a compressed fundraising process to accommodate excess demand and the final fund size is a material increase on FPE’s prior Fund II of £101 million.
Leading international investors have chosen to continue to invest in FPE for Fund III, with a 100% institutional re-up rate from Fund II and a group of new investors joining for Fund III. Fund III is comprised of a high quality group of limited partners, including pension funds, insurance companies, endowments and foundations, financial investors and family offices with global representation including UK, the United States, DACH, France and Ireland.
