Fund and corporate services provider the Aztec Group and offshore law firm Carey Olsen (Guernsey) have supported Inflexion Private Equity Partners with its £1bn double-fundraise.
Domiciled and administered in Guernsey, the two private equity funds, Inflexion Enterprise Fund V and Inflexion Supplemental Fund V, have secured commitments at their hard cap of £400m and £600m respectively.
Focused on the UK lower mid-market, Inflexion Enterprise Fund V will make investments of £10m to £35m in established businesses.
Inflexion Supplemental Fund V will support the firm on larger investments, investing primarily alongside Inflexion Buyout Fund V, a £1.25bn fund, and Inflexion Partnership Capital Fund II, a £1bn fund, both of which were raised concurrently in 2018.
The funds will invest across all sectors and each investee company will have access to Inflexion’s extensive resources spanning digital enhancement, international expansion, acquisition support, operational improvement and talent management.
Aztec Group, overseen by Head of Private Equity in Guernsey Matt Horton, and supported by Client Relationship Managers Rob Carter and Jo Le Prevost, managed the set-up of the funds and will provide a range of administration, financial reporting and governance services from its office in Guernsey.
The Carey Olsen team, led by Partner Andrew Boyce with support from Senior Associate John Scanlan and Associates Rachel de la Haye and Nele Bhebhe, provided the Guernsey legal and regulatory advice in respect of the formation, structuring and launch of both funds.