Endless raises £525 million

Endless LLP is pleased to announce that it has completed its latest fundraising at £525 million.  Endless Fund IV had a single close on 5 December 2014.

Consistent with our previous institutional funds, we are delighted to welcome a suite of global investors that share our commitment to investing on a socially responsible agenda. Educational endowments, family offices and charitable foundations of some of the world’s most successful entrepreneurs represent over 50% of the investor base.  It is important for our team and a motivating factor that the investment profits we distribute to our investment partners are used to fund education and charitable projects, medical research and workers’ pensions all over the world.  Having delivered strong returns in our previous funds, the vast majority of existing investors have also committed to the new fund.  The largest single investor in Endless Fund IV is the Endless team.  This brings total funds under management at Endless to approximately £1.0 billion.

We look forward to continuing to support businesses right across the mid-market, with turnover typically between £10 million and £500 million, for buyouts, non-core acquisitions and turnarounds.  Whilst we anticipate that the majority of investments in the fund will be based in the UK, we also expect to complete a small number of investments across Europe.  As with previous funds, Endless invests on an entirely discretionary basis and is renowned for funding transactions entirely from its own resources without the need for bank debt, doing its own due diligence and completing in a matter of weeks from introduction.  Endless Fund IV is available to invest immediately and individual transactions can now be funded up to £80 million.

This will enable us to continue the intensive investment programme of 2014, a year in which our investment level will be almost £150m.