– Northcote Equity announced the first and final close of Northcote Fund II at £250 million, just 10 weeks after launching the fundraise.
– The close comes less than two years after Northcote was founded, marking a significant milestone for the firm.
– Existing investors provided strong support, collectively re-committing more than 100% of their Fund I capital.
– Fund II also attracted several new limited partners from Europe and North America.
– Charles Dale, Co-Founder, said investors’ continued trust and the arrival of new partners will enable Northcote to continue backing outstanding founders and supporting ambitious businesses.
– Scott Fairlie, Co-Founder, said the firm remains focused on the best founder-owned businesses across the UK and Ireland, with Fund II allowing it to build on its first two years.
