European Strategic Partners 2008 (ESP 2008) closed on September 21st, having held eight interim closes since it launched. The vehicle raised a total of EUR 700 million, exceeding its initial target of EUR 500 million. ESP 2008 targets investments in Western European buyout funds.
ESP 2008 invests via a mixture of primary fund investments, direct co-investments and secondaries and has so far committed to nine underlying funds, both through primary commitments and secondary market purchases, and has completed four co-investments.
ESP 2008 secured capital from more than 50 global investors, receiving commitments from a number of return investors as well as from LPs it has not worked with before. Among the investors in the fund are City of London Corporation Pension Fund, Hertfordshire County Council Pension Fund, Norfolk County Council Pension Fund and Cornwall Council Pension Fund. ESP 2008 received commitments from a number of public and private sector pension funds based in the UK, North America and Europe, as well as some US family offices.
SL Capital Partners, led by CEO David Currie, is a subsidiary of Standard Life Investments Limited. Standard Life has been investing in the European private equity market for over 20 years and has so far raised a total of approximately EUR 6.2 billion in private equity funds.
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