Growth Capital Partners Hits Hard Cap with £411 Million Fund VI

Growth Capital Partners (GCP), a notable UK investor focused on the knowledge economy, has announced the first and final closing of its GCP Fund VI at the hard cap of £411 million. The fund launched in late March and achieved a swift close in just three months, reflecting significant demand from both current and new investors. Initially targeting £350 million, the fund exceeded expectations, marking a 58% growth compared to Fund V, and included prestigious new LPs from Europe and the US alongside robust reinvestment from GCP's existing base. Fund VI aims to continue GCP's proven strategy of partnering with founder-led firms in high-growth sectors like technology and specialist services, providing strategic support and leveraging intellectual capital for growth. This latest fundraising success follows strong results from GCP Fund V, which achieved notable exits, including cybersecurity firm Bridewell at a 9.3x return. The efficient fundraising is seen as a testament to GCP's team strength, strategic differentiation, and market opportunity, according to Kirsty McDonald, Partner at GCP. Rede Partners and Macfarlanes LLP played crucial roles as fundraising and legal advisors respectively.