Northcote Equity (Northcote), a newly established private equity firm, has held the first and final close of its maiden fund, ‘Northcote Fund I’, at its hard cap of £160m, only 16 weeks after commencing fundraising.

Northcote specialises in technology and services investments in the UK and Ireland. Taking a high-conviction and flexible approach, the team can support both minority and majority structures, investing up to £30m of equity in buyout and growth capital investments.

Prior to founding Northcote, founding partners, Matthew Charman, Scott Fairlie, and Charles Dale, spent nearly a decade together at one of Europe’s best-performing private equity funds. The fund has attracted commitments from leading institutions, university endowments and family offices based in the US and Europe.