Primary Raises £200 Million For Third Buy-Out Fund
Primary is pleased to announce the final closing of its third fund, Primary III, at its hard cap of £200 million.
Investors in Primary III include insurance and life companies, corporate and local authority pension funds, funds of funds, endowments and high net worth individuals. Just over 40% of the fund was raised from UK investors, 35% from the US and the balance from continental Europe. 75% of the 19 investors who committed to the latest fund were existing investors, many of whom substantially increased the size of their commitments to the latest Fund.
The fundraising was launched in October last year, with an initial close in December to accommodate Limited Partners investing out of their 2005 allocations. The fund held a final close on 30 March 2006.
Contact Jackie Adams for more information
Tel: +44(0) 20 7920 4800