Limerston Capital raises £200m

The UK-based firm closes debut buyout fund above target.

Limerston Capital Fund I has held a final close above its target size of £200 million. The vehicle will pursue control investments in mid-market companies in the UK with EBITDA between £4 million and £10 million.

Investors in the fund include pension funds, endowments and funds of funds based in the US, Europe and Asia-Pacific.

MVision Private Equity Advisers provided advisory services to the fund and Latham & Watkins acted as its legal counsel.