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LongAcre to set up private equity fund

The specialist media, communications and technology sector corporate finance house plans to launch a new private equity fund by the end of the year.

LongAcre aims to leverage off the expertise and contacts it has built up in the TMT sector reports eFinancial News. Jonathan Goodwin, LongAcre’s chief executive, is quoted as saying that it will initially be “a relatively small private equity fund to enable us to invest in the sector we do a lot of corporate finance work in”.

LongAcre have not yet confirmed what size the fund will be.