Cairngorm Capital Partners, a London, UK-based private investment firm, closed its second fund, at £107.5m.
Cairngorm Capital II, which was oversubscribed by a consortium of long-term, international institutional investors, consisting of European funds of funds and US university endowments, is now fully operational. A significant investment was made by the firm’s principals.
Led by Andrew Steel, Managing Partner, and Lee Hess, Chairman, Cairngorm Capital is a specialist private investment firm providing equity capital and management expertise to well-performing, private mid-market growth companies earning operating profits of £2m – £20m in manufacturing, distribution and services industries.
The firm, which has a committed equity capital in excess of £180m, has invested in Customade Group, The Window Bureau Limited, and Polyframe Group Limited.