FF&P Private Equity, the London-based private equity firm of Fleming Family & Partners, has held the first close of its third fund at over £47m.
FF&P Investor 3 LP has been raised from 56 private and a single institutional investor and include funds provided by Fleming Family & Partners and its clients. It will remain open to new investors for up to a further 12 months.
It will make individual equity investments in the range of between £3m and £10m into growth companies by way of development capital or smaller buy-outs.
Co-Headed by David Barbour and Henry Sallitt, FF&P Private Equity has funds under management of approximately £200m. Current portfolio companies include OKA, Harvest Media, Defaqto, and Ikon Science.