Palatine Raises Record £254m For Buyout Fund V

Palatine, a private equity firm with a regional focus and commitment to sustainability, has successfully raised £254m for its Buyout Fund V, making it the largest fund in the firm's history. The lower mid-market-focused investor exceeded its fundraising target, achieving a high re-up rate from existing investors and attracting new investors from across Europe. This achievement comes despite a challenging fundraising environment. Palatine's co-founder and group managing partner, Gary Tipper, expressed satisfaction with the rapid and successful fundraising, highlighting the team's consistent performance. The Buyout Fund V aims to invest £10m to £50m into established, profitable regional companies in business services, technology, and financial services. The firm's investment philosophy emphasizes regional focus, value enhancement, and sustainability. Recent investments from a previous fund include Bluprintx, a digital services company, and BK Plus, an accountancy group pursuing a buy-and-build strategy.