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!!
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.
HAPPY HAPPY HAPPY
Posted by Elizabeth Kerr