Inflexion Private Equity, a mid market private equity investor, has held the first and final close of its 2010 Buyout Fund with commitments of GBP375m.
The fund was more than twice oversubscribed and fundraising was completed between June and the end of September.
The fund includes investment from a group of almost 30 LPs, including state pension and endowment funds from the US and new investors from Asia and Australia.
The fund will target ten to 15 investments in high growth UK companies with enterprise values ranging from GBP10m to GBP100m.
Simon Turner, managing partner at Inflexion, says: “We are delighted to have received such strong support from existing investors in Inflexion funds and completed our fundraising within such an efficient timetable. We are equally pleased to welcome a selection of new investors to the fund, diversifying our capital base by geography and provenance. Inflexion will continue to invest in the UK mid market where we have built an exciting portfolio of growing businesses and see good quality investment opportunities for the future.”