09/04/2008

Third close of Darwin Private Equity I L.P.

 

Darwin Private Equity LLP ("Darwin") announces the third close of its inaugural fund, Darwin Private Equity I L.P. (the "Fund"), with commitments totalling £207 million. Darwin launched its fundraising in May 2007 and is targeting £250 million of total commitments.

Jonathan Kaye, Partner at Darwin, commented: "We are delighted with the support we have received from the investor community and are looking forward to a final close of the Fund over the coming months."

Darwin's investment team had now grown to seven, with the addition of two new professionals.

David Coombs has joined Darwin from Morgan Stanley, where he was an Associate in the Investment Banking division.

Paul Burton joins in May 2008 from PPM Capital, where he was an Investment Manager focused on mid-market buyouts.

Darwin is also pleased to announce that Harjinder Hatfield will retain her current role as Head of Fundraising for Darwin's subsequent funds as well as becoming part of the investor relations team. 

 
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