UK - Barclays Private Equity has won the Fund of the Year Award at the Real Deals/BVCA Private Equity Awards 2003.
The Fund of the Year category is awarded to recognise “skill, professionalism and innovation in the fund-raising process”.
Barclays’ Private Equity European Fund raised E1.25bn (£860m) by its final close in December 2002, exceeding its original target by 20%.
It received financial commitments of E600m (£413m) from 24 blue-chip investors across a spread of countries in Europe and the USA. Investors include Schroder (Private Equity Fund of Funds), Citigroup Private Equity and a number of funds managed by Morley, Standard Life Investments Private Equity and Allianz Private Equity Partners, among others.
A spokeswoman for the event said: “The judges were looking for novelty and depth in sources of funding, the structure of the fund, the quality of its marketing, and outperformance.”
Also shortlisted were venture capital houses Bridges Community Ventures and MVM.
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