Atlantic-Pacific Capital has held the final closing of Growth Capital Partners Fund IV (Fund IV) with GBP205 million of capital commitments.
Fund IV received support from a diverse group of institutional investors, including public pension funds, corporate pension funds and investment management groups across the US and Europe.
“We are pleased to have partnered with Growth Capital Partners (GCP) on their fourth fundraise. Investors were very receptive to GCP’s distinct and differentiated strategy in the UK lower middle market, which has proven to generate strong results on a consistent basis. We congratulate the team on a successful fundraise,” says Richard Awbery, Partner at Atlantic-Pacific Capital.
Garrett Curran, Managing Partner at Growth Capital Partners, says: “We are delighted with the continued support from our existing investors as well as the backing of several newly welcomed investors in the Fund. Atlantic-Pacific Capital was instrumental throughout the fundraising process in helping us secure commitments in excess of our target. Fund IV is off to a promising start with four seed assets, and we remain committed to investing in UK SMEs – a key driver of the UK economy.”
