Lyceum Capital Closes $496M Fund

Feb 12 2008 | 11:56am ET

U.K.-based private equity firm Lyceum Capital recently held a final close for its latest fund at £255 million (US$496 million). Lyceum Capital Fund II will invest, alongside management, in mid-British-headquartered service companies.

Lyceum II is the first fund raised by the firm since its May 2006 buyout. The new fund attracted commitments from 22 institutions and family offices in the U.K., U.S. and continental Europe, including AXA Private Equity, AlpInvest and F&C Group. Six of the investors were in Lyceum’s previous fund, while the balance are new investors.

“We are pleased to have exceeded our fundraising target with the continued support of current investors and a number of leading private equity investors from the U.K., U.S. and Europe who are investing with Lyceum for the first time,” Philip Buscombe, CEO of Lyceum, said. “We are seeing an increased flow of opportunities and continue to enjoy strong support from our banking partners.”

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…