Leeds-based private equity firm, Endless, has raised a further £400 million to invest in mid-market opportunities in 2021.
For its fifth fund, Endless has once again secured the support of global investors including world-leading Universities, Pension Funds, Family Offices and Charitable Foundations.
“To be able to raise £400 million in 12 weeks without the ability to meet face to face with our investors is a testament to the firm’s track record in the last 15 years and the fact that the volatile current market conditions will bring the best out of the Endless team and our portfolio,” said Endless Managing Partner, Garry Wilson.
“As we approach our 15th anniversary, this brings total funds raised by Endless to almost £1.4 billion. Since we founded the firm, we have made more than 80 acquisitions and safeguarded over 40,000 jobs.”
The Endless team has made a £50 million personal commitment to the fund and is the joint largest single investor in Endless V.
The fundraise rounds off a busy 12 months for Endless, following the acquisitions of Hovis, BSW Timber, Moda Furnishings, Victoria Plum and several bolt-ons as well as the disposals of MTI Technology and Antler Luggage.
Fund V, unlike its predecessor funds, will not invest less than £10 million. Endless’ SME platform – Enact, led by Chris Cormack – will now increase its maximum investment cheque from £5 million to £10 million.