UK private equity Risk Capital Partners has closed its first institutional fund with £75m of commitments.
The small-to-medium sized buyouts investor was founded by Luke Johnson and Ben Redmond in 2001. Both founders made significant contribution to the fund, alongside a range of blue chip institutional investors from the UK, Europe and the US.
Johnson sees plenty of opportunities arising from the current crisis: “There are many distressed sellers who will be forced to dispose of attractive assets in the coming months and years. This, together with our focus on providing growth capital to entrepreneurs and businesses to allow them to expand, has even more relevance in the current environment as banks are effectively closed for new business. We believe the mix of both of these types of deal presents the potential to generate outstanding returns over the medium term.”
Risk traditionally invests between £3-10m of equity on deals between £10-50m.
Past portfolio companies range from Signature Restaurants, which owned Strada, to Integrated Dental Holdings, Britain’s largest chain of dentists, and APT Controls, Britain’s largest supplier of car park equipment.
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