London Buyout Shop Raises US$1.4B First Fund

Feb 28 2008 | 12:56pm 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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...