Investment Strategy

The primary focus of the programme is on funds operating in local country markets across Europe whose investment strategy targets small to medium sized buyouts. Such funds are likely to be between €150m and €750m in overall fund size.

The programme is highly flexible in its nature but is anticipated to make average commitments of €15m per fund to individual funds. Furthermore the programme has the capacity to make co-investments of up to €10m per transaction alongside General Partners with whom a relationship has been developed.

The programme will consider investing in 'first time' funds, including 'cornerstone' positions as well as secondary transactions.

We belive this new programme offers attractive benefits to General Partners.

An 'evergreen' investment platform:

Dunedin Enterprise Investment Trust PLC is a permanent capital or 'evergreen' structure which has been in existence and managed by Dunedin for more than 20 years. We are thus able to offer successful investment partners the prospect of both a highly stable relationship and ongoing commitments to successive funds, regardless of any fundraising cycle of our own.

An LP who thinks and acts like a GP:

As private equity managers ourselves, we have a practitioner's understanding of the issues faced by other private equity investors. We bring this to bear in our own investment process and decision-making.

A value-added investment partner:

The aim of this programme is to build a portfolio of funds which targets the same type of investment (small / medium sized buyouts) in a number of different geographies across Europe. We aim to add value to our investment partners by providing the opportunity for funds within the programme to interact with their non-competing peers in different geographies (should they wish to do so). An secure extranet has been developed by Dunedin to facilitate this.

Given the increasingly international nature of portfolio companies, we believe that facilitating knowledge sharing across the funds in the programme will offer tangible benefits to those within it.

If you are a General Partner whose strategy is consistent with what the programme aims to achieve then we would be delighted to hear from you.