Socially responsible private equity firm raises £525m for a new fund

 
Ollie Gordon
BRITISH private equity firm Endless has raised £525m for its new Fund IV, which had a single close on 5 December, the company announced yesterday.

The funds will be made available for individual transactions of up to £80m. The majority of the investors in the new fund are existing investors in the company’s previous funds, with the single largest investor being the Endless investment team. The new reserves bring the company’s total funds under management to approximately £1bn.

The company – which has offices in Leeds, London and Manchester – said in a statement: “We look forward to continuing to support businesses right across the mid-market, with turnover typically between £10m and £500m, for buyouts, non-core acquisitions and turnarounds.

“Whilst we anticipate that the majority of investments in the fund will be based in the UK, we also expect to complete a small number of investments across Europe.”

Endless sees itself as a socially-responsible investor. Educational endowments, family offices and charitable organisations of leading entrepreneurs make up 50 per cent of its investor base. The profits it distributes to its partners are used to fund education and charitable projects, medical research and workers pensions all over the world.

The company’s investment level for 2014 stands at almost £150m.