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Stephen George’s private equity firm secures more than $80m for inaugural fund

16 Jun 2014

nebraskaFormer head of Jeff Skoll’s family office Stephen George has launched his own firm, Panorama Point Capital.

George, who left Skoll’s investment firm Capricorn Investment Group last year, has raised more than $80m over the past six months from investors including Christoph Henkel, according to Bloomberg.

He is targeting $500m for the firm’s inaugural fund, which will make three types of deals, loans to mid-market companies, acquisitions of family-owned businesses and stakes in private technology companies with a view to list them on a stock exchange.

Panorama’s fund has a three year investment period, according to the report.

The firm has already invested in four technology companies and is currently closing three deals in family-owned businesses.

The fund charges LPs that commit at least $1m a management fee of 1.5 per cent and takes 15 per cent of the profits and a two per cent and 20 per cent, respectively, for those investing at least $250,000.

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