– Palatine has successfully closed its largest-ever fund, Buyout Fund V, at £254 million.
– The fund exceeded its target, with a re-up rate well over 100% from existing investors.
– New investors from across Europe joined existing LPs from the UK, Nordics, and the USA.
– Co-founder Gary Tipper highlighted the achievement despite a challenging fundraising environment.
– Recent exits contributing to strong returns include Anthesis Group, NRG Riverside, and DTM.
– The firm welcomes several new EU-based LPs, reflecting renewed European interest post-Brexit.
– Buyout Fund V will invest £10–£50 million in established, profitable, regionally based lower mid-market companies.
– Core sectors include business services, technology, and financial services.
Palatine is a certified B-Corp with a strategy centered on ESG, M&A-driven businesses, and operational improvement.
– The firm’s regional focus is anchored by its Manchester headquarters.
Internal investment in value enhancement and sustainability teams is a key differentiator.
– Palatine’s three strategies include Buyout, Impact (currently on its second fund), and the new Growth Credit Fund.
– Recent Buyout Fund IV investments: Bluprintx (digital services) and BK Plus (accountancy group with 15 acquisitions).
– Fundraising support was provided by Harris Williams (London and New York), with legal counsel from Fried Frank.
