PRINT THIS PAGE UK Gresham exceeds target with £235m final close17/05/2004. Source: AltAssets. 
 UK mid-market private equity firm Gresham has closed its third fund above target with total commitments of £235m. The fund was originally targeting £200m.
'I am delighted that we are over-subscribed in just one year. This demonstrates the strength of Gresham's track record and the significant value creation opportunities in the UK lower mid-market,' said Paul Marson-Smith, chief executive of Gresham.
Investors in Gresham III include Access Capital, Alpinvest, ATP Private Equity Partners, Bank of Scotland, Henderson Global Investors, Swiss Re and Wilshire.
Gresham focuses on UK lower mid-market management buy-outs and expansion funding with typical deal values ranging from £5m to £75m. The firm invests in a wide range of sectors but specialises in the consumer products, pharmaceuticals, industrial products, business services, media and fincial services sectors.
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