Thursday, 28 May 2015
Last updated 4 hours ago
Sep 21 2007 | 11:35am ET
Barclays Private Equity has closed its third European mid-market buyout fund, Barclays Private Equity European Fund III, with total commitments of €2.4 billion ($3.3 billion).
The fund received commitments of some €1.7 billion from 25 blue-chip investor groups across Europe, the Gulf, Asia and the United States, including funds managed by Allianz Private Equity Partners, LGT Capital Partners and Morley Fund Management, in addition to a €650 million commitment from its affiliate, Barclays Capital.
“Our strategy remains unchanged—to concentrate on mid-market buy-outs up to €500 million with a core focus on deals between €25 million and €250 million,” said Tom Lamb, co-head of Barclays Private Equity. “Our 2005 Fund is now over 85% committed with more than 25% of drawn capital already returned to investors. “Our 2002 Fund has already returned over 150% of drawn capital.”
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by partcipating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…