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

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of