Palatine, the regionally focused, sustainably driven investor, has closed its largest-ever fund, Buyout Fund V at £254m, beating its target fundraise and achieving a re-up in excess of 100% based on capital raised from existing investors.
The lower mid-market firm also attracted a number of new investors across Europe to complement existing investors from the UK, the Nordics, and the USA.
Palatine’s Buyout Fund invests between £10m and £50m into established, profitable, and predominantly regional companies in the lower mid-market focused primarily in three core sectors: business services, technology, and financial services.
Recent investments from Buyout Fund IV include Bluprintx, an internationally focused digital services company and Midlands-based accountancy group BK Plus, which has made 15 acquisitions as part of its buy and build strategy since Palatine invested.
Buyout is the most mature of Palatine’s three strategies, which also include the pioneering Impact Fund with Palatine currently investing from its second Impact Fund, and most recently a Growth Credit Fund, a venture debt offering supporting the regional tech funding ecosystem.
Palatine was supported on the fundraising by the London and New York teams of placement agent Harris Williams with legal advice provided by Fried, Frank, Harris, Shriver & Jacobson (London).
