London-based Phoenix Equity Partners closes £570m Insight Fund III

Phoenix Equity Partners has announced the final closing of its "Phoenix Insight Fund III," with a total volume of £570 million. The London-based firm invests in buyouts within the UK’s "lower mid-market" segment. It was also noted that the fund closed above its originally planned "hard cap"; however, available sources do not provide specific details regarding the exact hard cap, the initial target volume, or the closing date.

Phoenix Equity Partners was founded in London in 2001 by five partners. Two of them, David Burns and Kevin Keck, remain with the firm today as Managing Partners. The company positions itself as a UK-focused private equity manager that supports founder-led businesses within the lower mid-market in the United Kingdom and Ireland.