Palatine Private Equity Raises Hits £100M Hard Cap On Debut Impact Investing Fund

Sep 12 2017 | 9:38pm ET

Palatine Private Equity has raised £100 million in capital for its inaugural impact investing fund, hitting its hard cap of £100 million after less than a year in the market. 

The new fund, named Palatine Private Equity Impact Investing Fund, exceeding its £75 million target, the company said. It targets positive social and/or environmental impact alongside industry-standard returns and represents Palatine’s commitment to responsible investing. 

Managing the new fund will be Palatine partner Beth Houghton, who has guided Palatine towards multiple ESG awards since joining the firm in 2007. She will lead a team of four investment professionals. Investments of up to £10 million will be targeted and focus initially on such themes as integrated health, ethical consumerism, lifestyle and wellbeing and the circular economy.

Evercore Private Funds Group acted as the exclusive global placement agent for the fundraise, while Fried Frank served as legal advisor. 

Headquartered in Manchester, U.K., Palatine Private Equity was founded in 2005 and raised its maiden £100 million fund in 2007. The company has since raised a total of approximately £570 million in capital commitments across five funds. 

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