21 Jan 2015 Rutland Partners Announces Final Close of Fund III
Rutland Partners is pleased to announce that, on 15 January 2015, it held a final close for its latest fund, Rutland Fund III, with total commitments of £263 million.
The investors in Fund III come from the UK, continental Europe and North America and include pension funds, fund of funds and family offices, many of whom have been long-time supporters of Rutland. With the additional funding support they are keen to provide by way of co-investment, at the upper end of the range Rutland has the ability to provide equity significantly in excess of £50 million for single transactions.
Mike Harris, Partner, comments:
“We are delighted with the success of the fundraising, which provides us with a typical size Rutland fund and one which is optimal for our long-established investment strategy focussed on special situations, operational change and turnaround. The new fund has already made its first investment, the £85m acquisition of Maplin Electronics last June, and we remain excited by the number and quality of deal opportunities that we are continuing to see.”