ECI raises £700m

The UK-based buyout firm hits its hard-cap 80 days after launch.

ECI Partners has held a final close for its eleventh buyout fund, ECI 11, on its £700 million hard-cap. The vehicle will target UK mid-market growth opportunities of between £20 million and £150 million. The fund was materially oversubscribed and attracted 25 institutional investors, with an 80 percent re-up rate from its predecessor.

The firm’s predecessor vehicle, ECI 10, was closed in September 2014 on £512 million.