Maven Capital Partners raises £100m

The Glasgow-based asset manager closes debut institutional MBO.

Maven Capital Partners has announced the final close of its debut institutional management buyout fund, Maven UK Regional Buyout Fund. The fund has raised £100 million ($132 million; €117 million) for investments in UK businesses with enterprise values between £10 million and £40 million and plans to commit £5 million to £15 million per transaction.

Scottish Enterprise has been disclosed as an investor in the fund. Other limited partners include family offices, high-net-worth syndicates, pension funds, funds of funds and asset managers.