Friday, 29 July 2016
Last updated 3 min ago
Jul 22 2013 | 2:04pm ET
Edinburgh-based private equity firm Dunedin has raised £300 million for a fund focused on mid-sized UK companies, exceeding its target by £50 million.
Dunedin told the BBC it would make up to £60 millon available to Scottish businesses with an enterprise value of between £20 million and £75 million.
The firm said roughly 60% of its investors are outside the UK, three times the number of non-UK investors it attracted to its previous fund, launched in 2006.
Said Dunedin partner Mark Ligertwood: "We provide investors access to high quality UK SMEs and their growth potential, and the fact that our fund exceeded our £250 million target is an endorsement both of the strength of opportunity available in the UK and of the active approach that we take to creating stronger, more profitable enterprises.