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RJD Partners closes second fund on £180m26/07/2007. Source: AltAssets. 
 UK mid-market private equity firm RJD Partners has closed its second fund, RJD Private Equity Fund II, on £180m, exceeding its £150m target.
All existing LPs in Fund I backed Fund II, the firm said. New investors came from North America and Europe. In total, Fund II gained support from 25 institutional investors.
Investors located in North America and Continental Europe committed more than a third of the fund's capital, with UK investors accounting for the remainder.
Fund II will continue RJD Partners' investment strategy of making buy-out and growth investments in the broadly defined service and leisure sectors with a focus on companies with enterprise values of up to £75m.
Fund II has completed two investments to date: an investment in Senturion, a support services company, and an investment in Teaching Personnel, a provider of temporary teachers, teaching assistants, nursery nurses and instructors to schools throughout England and Wales.
David MacLellan, chief executive, RJD Partners, said, 'Exceeding our target and raising £180m is a tremendous achievement and reflects the strong performance of the first fund. Particularly pleasing is that all the investors in the first fund have supported the second fund. We are continuing to see strong deal flow and hope to make several more investments by the end of this year.'
RJD Partners was formerly known as Royal London Private Equity.
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