Friday, 27 March 2015
Last updated 31 min ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…