UPDATE: Former Gresham PE execs eye up to £120m for third Beech Tree Private Equity fundraise


Beech Tree Private Equity, the buyout house launched by a pair of former Gresham Private Equity execs, is looking to almost double its funds under management by hauling in about £120m for its third fundraise.

That amount is just above the £115 million Beech Tree bagged for its sophomore fundraise in 2017. Beech Tree raised £40m for its debut fund in 2014.

No capital has been registered for the Fund III raise to date, a filing the firm submitted to the US Securities and Exchange Commission shows.

That filing shows a $192m upper limit for the fundraise, but an AltAssets source said that figure is an error and is set to be rectified.

Beech Tree was launched in 2014 by former Gresham senior execs Andy Marsh and Paul Franks.

Franks ran the Birmingham office of the UK private equity firm, while Marsh headed up its Manchester operation.

Recent deals from the firm include a buyout of Avid Insurance Services, a specialist insurance intermediary and managing general agent.

  • This article previously said that Beech Tree had raised £192m for the fund. We apologise and regret the error

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