Dealflow | September 19, 2017

Palatine locks in $132 million for first impact fund

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The Manchester, U.K-based private equity firm’s fundraising exceeded its initial target of £75 million ($99 million).

It comes on the heels of the impact fund’s investment last month in workforce training company Trade Skills 4U.

Palatine typically invests between £10 million to £30 million ($13 million to $40 million), though the impact fund will consider smaller ticket sizes of £2 million to £10 million.

“The Impact Fund builds on Palatine’s longstanding commitment to responsible investment,” says Beth Houghton, who leads Palatine Impact.