NVM Private Equity raises £142m for debut institutional fund

Investment firm NVM Private Equity has raised £142m for its debut institutional fund.

The company said its new fund, NVM Private Equity Vintage III, has secured commitments from a lineup of high quality investors in Europe and North America.

NVM Private Equity Vintage III will back growing UK regional businesses by investing from £5m to £15m.

It has already completed two deals – the acquisition of a majority £9m stake in power supply firm Dale Power Solutions and an £8.2m investment in workspace provider Flexioffices.

The fund will work alongside NVM’s existing VCT business to bring total funds under management to around £440m.

NVM has 44 portfolio businesses across all funds, with 11 investments completed during the last 12 months across a range of sectors and deal types, including management buyouts, development capital and scaleup capital.

The firm is headquartered in Newcastle and has a presence in four other key financial markets in the UK – London, Manchester, Leeds and Birmingham.

Martin Green, managing partner at NVM, said: “The NVM team is delighted that such an international and blue-chip investor base shares our vision for investing in the highly attractive UK, regional SME marketplace.

“We thank our investors for their support and look forward to working with them to build a portfolio of companies that will once again deliver top-quartile returns.”

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