NBGI Holds First Close On Second Fund

Aug 7 2007 | 10:45am ET

U.K.-based buyout shop NBGI Private Equity has held a first close of its second fund with £62.5 million (US$127.3 million). The firm, which said it has already secured underwriting of £100 million (US$203.7 million), is looking to further diversify its investor base with third-party commitments.

The new fund will invest in buyout deals in the £5 million (US$10.2 million) to £50 million (US$101.9 million) transaction size range in established businesses in buy & build, consolidation, and turnaround plays. “'We are delighted to have secured underwriting of our new £100 million fund,” said CEO Pavlos Stellakis.

“The commitments received to date and the continuing interest from investors is testament to the market leading track record we have built with our first fund. Although the new fund is larger than the first, we intend to stay firmly focused on our target investment size and sector, namely established small to mid-sized businesses in the U.K. and Ireland.”

NBGI Private Equity was formed to invest in established small to medium-sized "traditional economy" businesses across the U.K.


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note