This is Montagu's first major fund raising since its spin-out from HSBC and whilst the latter remains a significant shareholder and investor in the fund, the fundraising has enabled Montagu to significantly broaden its core investor base. A number of new investors have committed to the fund for the first time and investors in Montagu II will be making further commitments to the new fund. Montagu's investor base has been diversified by both geography and investor type, including such categories as pension funds, life companies and endowments, spread across the USA, Europe, the Middle East and the Far East.

The fund placement team of Deloitte were used to provide advisory and placement services outside the USA and Guggenheim acted as placement agents in the USA. A German feeder fund vehicle was also placed by HSBC Trinkaus.

Montagu's strategy is to target businesses where it can support strong incumbent management teams in attractive niche sectors. Montagu targets investments in the manufacturing, consumer-facing and service areas, with strong cash flows and good prospects for growth.

Commenting on the new fund, Chris Masterson, Chief Executive of Montagu Private Equity said:

"Montagu is delighted to announce a successful closing in such a highly competitive fundraising climate. With a broad mix of investors from the US, Europe, the Middle East and the Far East, I am particularly pleased with the increased diversity of our investor base.
We aim to be the backer of choice for strong incumbent management teams of high quality mid market businesses. We will continue with this tried and tested investment approach which we have used over the last ten years."

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