A private equity fund, supported by Edmond de Rothschild and British Patient Capital, has raised \u20ac266m (\u00a3225m) to invest in software-as-a-service (SaaS) firms across Europe.<\/p>\n\n\n\n
The new fund, Kennet VI, managed by London-based Kennet, has already begun deploying capital. Among its initial investments is Screendragon, a workflow management software provider with offices in London and Ireland.<\/p>\n\n\n\n
Edmond de Rothschild, a principal investor in the fund, offers priority access to the bank’s clientele. Other commitments have come from British Patient Capital, Federated Hermes Private Equity, and Bpifrance.<\/p>\n\n\n\n
Kennet, a private equity firm, has achieved several successful exits in recent years, including the UK-based software company CrossBorder Solutions. Kennet focuses on established, high-growth B2B SaaS technology companies that are founder-owned and either highly capital efficient or built without external capital.<\/p>\n\n\n\n
Typically, Kennet’s investment is the first external funding these companies receive, used to scale up, expand internationally, and build management teams.<\/p>\n\n\n\n
Michael Elias, Managing Director, Kennett Partners, said: “This fundraise marks another important milestone for Kennet as we close our largest fund to date, with a significant number of previous investors participating in this fund. At a time when the market has recognised that ‘growth at any cost’ is no longer rational, our long-standing conservative strategy has appealed to investors.”<\/p>\n","protected":false},"excerpt":{"rendered":"
London-based Kennet VI fund raises \u00a3225m to invest in UK SaaS and tech firms.<\/p>\n","protected":false},"author":4,"featured_media":315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[209],"tags":[119],"class_list":["post-314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","tag-london"],"yoast_head":"\n