Risk Capital eyes new fundraise after receiving green light to extend investment period


union jack 170UK private equity firm Risk Capital Partners is reportedly planning to return to fundraising later this year after extending the investment period on its current vehicle.

The firm has received approval from LPs to continue deploying capital from its current fund until February 2015 according to Dow Jones, which cited people familiar with the matter.

RCP closed a £75m fund in 2009 thanks to significant contributions from founders Luke Johnson and Ben Redmond, as well as blue-chip investors from the UK, Europe and the US.

Last week it emerged RCP-backed café chain Patisserie Valerie was to float on London’s AIM market.

It is seeking to raise approximately £33m, the net proceeds of which will be used, amongst other things, to repay all of the Group’s existing outstanding senior debt of approximately £21.9m and shareholder loans of approximately £10.8m.

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