UK - Royal London Private Equity has completed the initial closing on its first limited partnership fund with a value of over £64m.
RLPE is targeting companies valued between £25m and £75m in the financial services, leisure, information technology services and support services sectors.
RLPE chief executive David MacLellan said: “To have secured a first closing for our first fund with a backdrop of depressed stock markets, economic uncertainty and the war in Iraq is enormously encouraging and says a lot about the quality of the team at RLPE.”
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