London Buyout Shop Raises US$1.4B First Fund

Feb 28 2008 | 11:56am ET

Vitruvian, the London-based private equity firm, has held a final close of its maiden fund at US$1.4 billion. Virtruvian Investment Partnership, a middle-market buyout fund, will deploy its assets in Northern Europe.

VIP will invest between €15 million (US$22.6 million) and €150 million (US$225.6 million) in the information technology, media, financial services, leisure and business services sectors, and made its first investment in an Internet search marketing agency last December.

“Our aim is to seek out opportunities where investment returns are not just driven by financial structuring and operational improvement, but rather by investing behind entrepreneurial managers who pursue compelling strategic opportunities,” said managing partner Michael Risman. “As a result, our strategy is less reliant on the availability of cheap debt and on the opportunities for cost cutting, and more focused on finding rapidly growing businesses with strong, strategically inspired management.”

Monument Group served as the placement agent for the fund.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note