Regions

Dunedin, a London-based private equity group, raised GBP300 million for its latest UK-focused fund from a variety of international investors. Dunedin is the private equity owner of wealth manager Hawksford and courier service provider, CitySprint.

The total sum is just about GBP50 million higher than the GBP250 million Dunedin had originally been hoping to raise. Around 60% of the capital have come from abroad, as international investors wanted to profit from Dunedin's targets in the small to mid-sized business market.

The amount of international investors is relatively three times that from Dunedin's former fund. Foreign funds made up just 20% of the total invested in Dunedin's previous fund.

The new fund is understood to have been preferred among Scandinavian and North American investors. The Dunedin Buyout Fund III is believed to have received investments from public and private pension funds, insurance companies, sovereign wealth funds,  foundations and fund of fund specialists as well.