Inflexion Private Equity has secured commitments of £250 million at the first and final close of its two new Guernsey funds.
Both Guernsey collective investment schemes, the Inflexion Enterprise Fund IV and Inflexion Supplemental Fund IV, reached their hard caps in a single closing within eight weeks of launch, securing investments from Inflexion's existing investors in Europe, the US and Asia.
Inflexion Enterprise Fund IV will invest in businesses in all sectors following the same strategy that Inflexion has successfully employed for 17 years. Inflexion Supplemental Fund IV will invest alongside two other existing Inflexion funds launched in 2014 with advice from Carey Olsen.
The Carey Olsen team who acted for Inflexion comprised Partner Andrew Boyce and Senior Associate James Stockwell.
Advocate Boyce said: "The successful closing of these two new funds, after just eight weeks of fundraising emphasises Inflexion's strength in the UK mid-market and underlines the attractiveness of Guernsey as a private equity fund domicile."
Matt Wood, Director in Sanne's Guernsey private equity division, said "Inflexion's continued confidence in Guernsey is well placed and a positive sign. Guernsey's ability to provide all the necessary services to a high standard is a real attraction to firms like Inflexion so we are pleased to be able to provide both funds with administration, FATCA services and AIFMD reporting."
Inflexion will be backing businesses at sums between £10 million and £100 million in the UK mid-market.
For more information about Guernsey's finance industry please visit www.guernseyfinance.com.
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