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The private equity fundraising trend continues. The latest pool to hold a close was U.K. lower midmarket fund Darwin Private Equity LLP, a firm set up by former investment professionals from Permira Advisers LLP and CVC Capital Partners.
The firm announced the third closing of its inaugural fund Thursday with commitments of £207 million ($409 million). The firm started fundraising in May 2007 and is targeting £250 million. It is expecting to reach a final close over the coming months. Limited partners to date include U.S. insurer American International Group Inc., Switzerland's LGT Capital Partners and Finland's Ilmarinen Mutual Pension Insurance Co. The fledgling U.K. buyout shop announced its first transaction on Dec. 13, acquiring Maximuscle Ltd., a Watford, England-based sports nutrition company, for £75 million. - Jonathan Braude See press release CategoriesContributed content from Middle market video
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