Growth Capital Partners’ Fund V Closes at £260m

Growth Capital Partners (GCP) has announced the final close of its Fund V, which beat the private equity house’s target, closing at £260m.

The fund will build on the firm’s 22-year track record of partnering with growth companies in the technology, services, and industrials sectors.

Existing and new international institutions are among the investors in the fund.

To date, three investments have been made from the fund including deals involving Bridewell Consulting, Hippo Digital and Flint Global.

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GCP managing partner Garrett Curran said: “We are delighted to have beaten our target and thank our existing investors as well as welcoming new investors to GCP. We have always believed in our partnership strategy, which has generated consistently strong returns since our first fund in 2000.

“With three investments already in the portfolio, Fund V is off to a successful start.”

Quest Fund Placement supported GCP through the fundraising process.

James Coleman, managing director at Quest, said: “We are very happy that our partners, GCP, reached a successful outcome on Fund V, our second fundraise together. We enjoyed working on a differentiated story for the market which encouraged the substantial support of existing investors while also adding many new primary-focused LP relationships from Europe and the US.”

In November, the sale of GCP-backed Infinity Works to Accenture was awarded Deal of the Year (£25m and above) at Insider’s Yorkshire Dealmakers Awards.

Source: Insider Media

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