Graphite Capital Closes Eighth Fund, at £475M

London, UK-based mid-market private equity firm Graphite Capital closed its eighth fund, at £475m (approximately $760m).

According to a written note, further commitments are likely to come in over the next few weeks bringing the total to over £500m.

Graphite Capital Partners VIII has over 20 investors with 40% of commitments coming from the UK, 25% from continental Europe and 35% from the USA and Japan. Existing investors provided over 85% of the fund. The new fund

CPVIII will maintain its mid-market focus, investing primarily in companies with high growth potential valued at between £40m and £150m, and in smaller companies with the potential to expand through the roll-out of new sites.

The fund will make eight to twelve investments across a wide range of investment sizes and industry sectors.

Led by managing partner Rod Richards, Graphite Capital has invested over £600m in 20 companies (since 2006) and has completed a number of realizations in recent years, selling Kurt Geiger, a luxury shoe retailer, in 2011, for £215m and completing additional four sales in the last twelve months including NES Global Talent, an international technical recruitment group, Optimum Care and Willowbrook Healthcare, both premium quality care home providers, and Dominion Gas, an international oilfield services company.



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