Dunedin: New £300m fund

Folks, we’ve reached Nirvana – through partnership.
Mayor Dave’s been working our (Hidden Dunedin) sister-city relationships with great success. The council’s consolidated debt is CANCELLED, pending further notices!!
Disaster AVERTED.

Received.
Monday, 22 July 2013 12:38 p.m.

### telegraph.co.uk 6:19PM BST 21 Jul 2013
Dunedin bucks investment trend with new £300m fund
By James Quinn
Dunedin, the London-based private equity firm, has closed its third fund at £300m, it can be disclosed. The total is approximately £50m higher than the £250m Dunedin had initially been aiming to raise, and bucks the trend in an otherwise lacklustre private equity and venture capital fundraising market. Approximately 60% of the funds have come from outside the UK, as overseas investors want to benefit from Dunedin’s focus in the small and mid-sized company market.
The proportion of international backers is three times that from Dunedin’s previous fund, when foreign money made up just 20% of the total invested.
The new fund, the closing of which is expected to be announced as early as today, is understood to have been particularly popular among north American and Scandinavian investors. There also has been increased interest from backers in Germany and France, it is believed.
The Dunedin Buyout Fund III, as it is formally known, is understood to have received investments from sovereign wealth funds, state and private pension funds, insurance companies, foundations and so-called “fund of fund” specialists. In addition, some £60m of the new fund is understood to have been committed by the Dunedin Enterprise Investment Trust, which is listed on the London Stock Exchange. The fundraising was led by Shaun Middleton, Dunedin’s managing partner.
Read more

HAPPY HAPPY HAPPY

Posted by Elizabeth Kerr

1 Comment

Filed under Business, DCC, Economics, Geography, Inspiration, Media, What stadium

One response to “Dunedin: New £300m fund

  1. If you double the size of the city, West and Bettancourt’s laws show that the numbers of patents per person, the number of crimes per capita and even the speed at which people walk, increases by about 10 per cent.

    ### stuff.co.nz Last updated 05:00 24/07/2013
    Unlimited
    Sex, (ideas) and the city
    By Shaun Hendy
    OPINION: Where are you most likely to have a good idea? On the train to work in the morning, or during slide 30 of your boss’s quarterly strategy update? Perhaps you are at your most creative while doing the ironing or cleaning out your shed.
    What does the data say? It says you’re more likely to have a good idea if you live in Auckland rather than Wellington, Sydney rather than Auckland or Tokyo rather Sydney.
    Physicists Geoffrey West and Luis Bettancourt have studied cities across the US and Europe and found that cities are the modern engines of creativity – and the bigger the city, the more innovative its citizens.
    They have looked at the things that go into a city, from wiring to plumbing to roads, and at the things that come out, from patents and products to crime statistics.
    Read more

    ● Shaun Hendy is a professor of computational physics at Victoria University of Wellington and an outreach fellow for Callaghan Innovation.

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