UK-based private equity firm Growth Capital Partners LLP has closed its third fund at £160m.
Originally targeting £150m at its launch in January 2010, GCP III was oversubscribed from global investors including European Investment Fund, Golding Capital Partners and Lexington Partners.
Growth Capital Partners focuses on the UK lower mid-market and typically invests £5m to £50m in management buy-outs, development capital and secondary or tertiary buy-outs.
The firm’s management team include Managing Partner Bill Crossan, as well as Partners Garrett Curran, James Blake, Francesco Santinon and Simon Jobson
GCP’s past investments include Tangerine, WrapFilm Systems, Amor Group, and Entec.