Endless launches £525m fund
LEEDS-BASED private equity house Endless has completed its latest fundraising at £525m.
More than half of the investor base of Endless Fund IV consists of educational endowments, family offices and large charitable foundations.
In a statement, Endless LLP said: “It is important for our team and a motivating factor that the investment profits we distribute to our investment partners are used to fund education and charitable projects, medical research and workers’ pensions all over the world.
“Having delivered strong returns in our previous funds, the vast majority of existing investors have also committed to the new fund.”
Endless targets mid-market firms, predominantly in the UK, with turnovers between £10m and £500m for buyouts, non-core acquisitions and turnarounds. Its Fund IV can invest in individual transactions up to £80m.
