Monday, 30 March 2015
Last updated 36 min ago
Jul 25 2007 | 11:42am ET
U.K.-based Rutland Partners has closed its second fund at £322 million (US$664 million). Rutland Fund II, which had a target of £250 million (US$515 million), held a first close at £312 million (US$643 million) in December following four months of fundraising.
Commitments were received from a wide range of investors including pension funds, funds of funds, insurance companies, endowments and foundations from the U.K., Europe and North America. “The high level of interest we have received from investors is a strong endorsement of our niche investment focus and the long-term stability of the Rutland Partners team,” Michael Langdon, chairman, said.
“Although over-subscribed, we have achieved an excellent blend of investors for our second fund and we look forward to the challenge ahead.”
Rutland Fund II will continue with the same investment focus as the first fund, which is to invest in underperforming U.K.-based companies.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…