Palatine Private Equity Raises Hits £100M Hard Cap On Debut Impact Investing Fund

Sep 12 2017 | 9:38pm ET

Palatine Private Equity has raised £100 million in capital for its inaugural impact investing fund, hitting its hard cap of £100 million after less than a year in the market. 

The new fund, named Palatine Private Equity Impact Investing Fund, exceeding its £75 million target, the company said. It targets positive social and/or environmental impact alongside industry-standard returns and represents Palatine’s commitment to responsible investing. 

Managing the new fund will be Palatine partner Beth Houghton, who has guided Palatine towards multiple ESG awards since joining the firm in 2007. She will lead a team of four investment professionals. Investments of up to £10 million will be targeted and focus initially on such themes as integrated health, ethical consumerism, lifestyle and wellbeing and the circular economy.

Evercore Private Funds Group acted as the exclusive global placement agent for the fundraise, while Fried Frank served as legal advisor. 

Headquartered in Manchester, U.K., Palatine Private Equity was founded in 2005 and raised its maiden £100 million fund in 2007. The company has since raised a total of approximately £570 million in capital commitments across five funds. 

In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...


From the current issue of

Business Insider has been reporting on the unusual trading activity of a mystery trader who placed a profitable short equity bet to the tune of $21 million on the Aug. 10 move in the CBOE Volatility Index (VIX).