Rutland Closes £322M Fund II

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.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...