NBGI Private Equity raises £62.5m

NBGI Private Equity, the UK buyouts house aimed at small to medium-sized businesses, has held an initial closing of its second fund, reaching £62.5m for its £100m fund.

The fund will follow the example of its predecessor by investing in buyouts in the £5m to £50m deal size range. The firm is now looking to diversify its investor base prior to final close.