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Speyside closes USD130m inaugural buyout fund

Speyside Private Fund Advisers, a special situations buyout firm, has held the closing of Speyside Equity Fund I, a USD130 million buyout fund that will focus on investment opportunities in specialty chemicals, industrials/metal forming & food ingredients businesses and continue the disciplined investment approach that Speyside has successfully executed for the past 10 years.

Investors in Speyside Equity Fund I LP include a blue chip roster of leading institutional limited partners such as, endowments, foundations, insurance companies, fund of funds, public and private pensions, and family offices. The Fund was closed in less than 4 months of fundraising and was four times oversubscribed to its original USD75 million target.

“We wanted to move toward a more traditional investor base in Speyside Equity Fund I LP and we are grateful to welcome such high caliber institutions as partners,” says Managing Director Jeffrey A Stone. “The strong response we received during the fundraising process is a testament to our team and the success we have had utilising our own capital to generate outsized returns. We look forward to investing the Fund and continuing our tradition of uncovering unique opportunities in industries we know well.”

Speyside Equity Fund I LP will be managed by a seasoned group of operations and investment professionals who have worked together for many years and have substantial investing, operating and industry experience. The investment team’s diverse and complementary backgrounds give Speyside a strong combination of industrial, entrepreneurial, operational and transactional expertise.

The Fund’s placement advisor was GCA Savvian Advisors, LLC and Fund counsel was Proskauer Rose LLP.

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