Alcuin Capital Partners has raised £100 million for its latest vehicle, The Third Alcuin Fund, having met its target. It held a second close for the fundraising in January with £81 million raised, and began fundraising in January 2010.
The firm has deployed capital from the fund, investing in five companies: organic waste recycling business Agrivert; audiobook publisher AudioGo; insurance brokerage Tasker & Partners; publishing house Osprey; and doughnut retailer Krispy Kreme. Previous Alcuin investments include UK coffee chain Caffè Nero.
LPs in the fund include Alliance Trust Equity Partners, the European Investment Fund, Parish Capital Advisors and RWB Private Capital Fonds according to PEI data service Private Equity Connect.
Alcuin makes investments of between £2 million and £10 million in growth capital and buyouts of UK companies with enterprise values of between £5 million and £30 million, across all sectors.
The firm was founded in 2002 by two former BancBoston Capital executives, Mark Storey and Ian Henderson-Londoño.
Elm Capital Associates acted as placement agent for the fundraising.