Livingbridge raises £1.2bn

The London-based investment firm has held a final close on its seventh private equity vehicle.

Fund name: Livingbridge 7
Amount raised: £1.2 billion
Target size: £1.25 billion
Final close date: May 2021
Time on the road: Thirteen months
Predecessor fund:  Livingbridge 6

Livingbridge has raised £1.2 billion ($1.7 billion; €1.4 billion) at final close for Livingbridge 7, according to a press release by the firm.

Following its predecessor, which raised £660 million at final close in November 2016, the fund will invest in a variety of sectors such as TMT, healthcare and consumer. Investments of up to £150 million will be made to companies primarily based in the UK.