Phoenix Equity Partners has successfully closed two new funds, raising more than £600 million. The funds include a £400 million Flagship Fund and a £200 million Growth Partnership Fund. The capital will be directed towards supporting high-growth lower mid-market businesses and extending partnerships with successful companies like Envisage Dental and Nineteen Group. Phoenix’s previous fund showed strong returns with over half of its portfolio companies achieving a 3.4x multiple of cost. This fundraising highlights Phoenix’s dedication to collaborating closely with founder-led businesses and driving long-term growth.
Private Equity, Investment Management, Corporate Finance,United Kingdom
https://phoenix-equity.com/news/phoenix-secures-600-million-in-new-funds-expanding-support-for-uk-founder-entrepreneurs/