UK-based firm Kings Park Capital is reportedly seeking £75m for its second fund, which will be focused on the leisure sector.
The fund was launched at the end of last year and held a first close in March at around half of its target, a person familiar with the matter told Dow Jones.
Kings Park invests in segments such as hotels, travel, health and wellbeing, gaming, bars and restaurants and visitor attractions, targeting companies with an enterprise value of £50m.
The firm’s former portfolio companies include German sales and marketing business IHS, which was sold to technology-focused investment fund Battery Ventures for a return of 3.8 times last year.
The deal marked the first exit from Kings Park’s inaugural fund, which was closed in October 2008.
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