Primary raisies £100 million for second buy-out fund
Primary is pleased to announce the final closing of its second fund, Primary Capital II, at £100 million, its original target.
Investors in Primary Capital II include insurance and life companies, international banks, corporate and local authority pension funds, funds of funds, endowments and high net worth individuals. Some 62% of the fund was raised from within the UK, 21% from continental Europe, and the balance from the United States. 26 investors invested in the Fund, including Abbey National, Bank of Scotland, Clerical Medical Investment Group, INVESCO, Norwich Union, Commercial Union and Hamburgische Landesbank.
The objective of Primary Capital II is to provide superior returns through investment principally in management buy-outs and buy-ins of UK and continental European based companies in the £5 million to £100 million value range.
Contact Jackie Adams for more information
Tel: +44(0) 20 7920 4800