Endless LLP, a UK-based buyout and turnaround firm, has closed its second fund with Gbp164 million in capital commitments.
Endless LLP has announced the first and final close of its new investment vehicle, Endless Fund II (“Fund II”), with commitments from a range of international investors totaling Gbp164m. This is in excess of the firm's original target of Gbp120m. The close heralds the establishment of the first institutionally-backed fund for the
Fund II is supported by a number of handpicked investors drawn from global private equity funds of funds, a number of eminent European and US based family offices and foundations.
Managing Partner, Garry Wilson announced, “We are delighted to have secured the backing of such a prestigious global investor base. Endless has demonstrated an exceptional track record and delivered outstanding results in its first two years and the firm continues to go from strength to strength. This next phase of our development promises to be even more exciting than our first two years and we intend to do even more and bigger deals.”
Fund II will be dedicated to cementing the firm's strategy of making debt and equity investments in turnaround situations and will also allow Endless to continue to support buy-outs where appropriate opportunities arise.
The firm's largest deal to date is the disposal of Yorkshire-based Peter Black International to Chinese trading giant Li & Fung last August, which resulted in more than