PE firm closes £30m funding pot

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A private equity firm has closed an additional £30m funding pot from US investors.

Elaghmore, which is based in Leamington Spa, has closed the fund to add to its initial Elaghmore Fund 1.

Co-founders David Manning and Andy Ducker first launched the fund in December 2016 with an initial raise of £60m from institutions in the US and Europe.

Elaghmore has now raised an additional £30m from US institutions to create Elaghmore Fund 1A.

The new fund will aim to help Elaghmore capitalise on a growing number of new acquisition opportunities.

Ducker said: "The additional £30m will allow us to build on our success to date and invest in more businesses with great growth potential.


 link source - Insider Media

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