Aberdeen Murray Johnstone Private Equity has closed its latest buyout fund on £72m. The Aberdeen Murray Johnstone Private Equity Fund (AMJPEF) will follow a similar strategy to its predecessors, Murray Johnstone Private Acquisitions Partnership I, which raised £40 million in 1993/4 and is fully invested and Murray Johnstone Private Acquisitions Partnership II, a £68 million fund raised in 1996/7.
AMJPEF has attracted commitments from existing and new investors worldwide from North America, Middle East, Far East and the UK. The fund is already 15% invested in three companies. These are the £3.45m funding of Chiltern Invadex, a manufacturer of products to aid disabled access; a £10m investment in North sea oil extraction company Tuscan Energy and an undisclosed investment in Palgrave Brown, a manufacturer of timber products for the UK house building sector. The fund hopes to make around 12 investments, investing between £4m and £7m per deal.
AMJPE currently has over £450 m funds under management spread across its range of private equity funds and venture capital trusts.