UK-based mid-market private equity firm Inflexion Private Equity closed two funds raising £500m in total.
Inflexion Enterprise Fund IV and Inflexion Supplemental Fund IV secured commitments of £250m each from the firm’s existing LP base of blue chip investors from across Europe, the U.S. and Asia.
Inflexion Enterprise Fund IV, the fourth generation of Inflexion funds focused on the UK lower mid-market, will follow the same successful strategy employed by previous funds backing high growth, entrepreneurial businesses with ambitious management teams and working in partnership with them to accelerate growth.
The Enterprise Fund will invest equity of £10m to £20m for majority or minority stakes in established businesses.
Led by Tim Smallbone, an Inflexion Partner and member of its Investment Committee, the fund will invest across all sectors and regions of the UK with investee companies having access to the firm’s resources spanning value enhancement, in-house digital expertise, international support offices in Brazil, China and India, as well as its expertise in originating and integrating bolt-on acquisitions.
Supplemental Fund IV will invest alongside Inflexion Buyout Fund IV, a £650m fund, and Inflexion Partnership Capital Fund I, a £400m fund, the pools of capital Inflexion raised concurrently in 2014.