The £5bn West Yorkshire Pension Fund has chosen Aberdeen Murray Johnstone Private Equity to advise on and manage a new segregated £15m private equity fund, to be called Yorkshire Investors III.
Aberdeen’s brief is to invest in businesses based in or with substantial employment in, the North of England and Scotland. Investments will range from £100,000 to £1m and Yorkshire Investors III will have access to individual investments in smaller transactions or to participate with other client funds of Aberdeen in larger transactions. The fund will be managed from Leeds.
According to a statement from Aberdeen, the West Yorkshire Pension Fund has reviewed its strategy towards private equity investment and the £15m investment in Yorkshire Investors III will form part of the implementation of the overall private equity strategy.
Yorkshire Investors III will be the third bespoke £15m regional/local private equity fund since 1992 that the West Yorkshire Pension Fund has established to support the local economy and employment.
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