Fundraisers

Livingbridge raises £330m

The London-headquartered mid-market private equity firm closes latest fund targeting UK SMEs.

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Livingbridge has held a final close of Livingbridge Enterprise 3 at £334 million. The firm’s third fast-growth UK SME fund is 50 percent larger than its predecessor, which closed at £220 million in September 2015. Enterprise 3 will continue to pursue the firm’s target sectors: TMT, services, consumer markets, healthcare and education.

The Tennessee Consolidated Retirement Fund has committed £40 million to the vehicle and the Florida Retirement System Trust Fund has allocated £25 million.