August Equity, announced the closing of its new fund, August Equity Partners IV, at £224m

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Capital was raised from 20 investors, seven more than for AEP III (which closed at £200m in December 2013).

The Fund will continue August’s longstanding strategy of backing management teams to build UK businesses of scale in service-led companies which are sourced and created through the firm’s self-origination model.

Philip Rattle August Equity’s managing partner said “Raising a fund around Brexit meant LPs asked more questions and took more time looking at its potential impact on the UK and our portfolio”

Mr Rattle continued, “That we attracted so many new LPs is testament to our successful strategy of backing strong management teams building businesses in attractive growth sectors within the UK.”

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