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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...