In August 2016 our clients invested in the third fund from Beechbrook Capital, Beechbrook Private Debt III LP. The fund provides secured debt finance which supplements a private equity firm’s own equity funding to support both new buy-outs and provide follow-on funding for existing investee companies.
Beechbrook focuses on businesses with enterprise values of €10m - €100m in Northern and Western Europe, currently an underserved sector of the market, as larger credit funds seek to deploy capital in larger tickets and banks have largely vacated this space.
Connection Capital clients previously backed Beechbrook’s second fund in 2014 which has been successful to date with first distributions being made within 13 months of closing.