CBPE Announces First and Final Close of CBPE Fund XI at its £714m Hard Cap

CBPE Capital LLP, a leading UK mid-market private equity firm, has announced the final close of its latest fund, CBPE Fund XI, at its hard cap of £714 million. The fundraise was significantly oversubscribed, resulting in a first and final close within four months of launch.

Fund XI represents a 27% increase from CBPE’s prior fund, CBPE Capital Fund X, which closed at £561 million in November 2020 and was the beginning of the Rede and CBPE partnership. The latest fund received strong support from existing investors and select new investors with whom CBPE had longstanding relationships. New capital commitments have diversified the geographic profile of CBPE’s investor base by strengthening existing markets like the US and the Nordics, and adding investors in new markets e.g., Australia. CBPE has a diverse and global network of institutional limited partners, including insurance companies, public and private pension funds, sovereign wealth funds, family offices, asset managers, endowments and foundations.

Fund XI will continue CBPE’s established strategy of investing in primary buyouts, backing growing, cash-generative UK & Ireland headquartered businesses with enterprise values of up to £175 million. CBPE follows a high-conviction, low-volume investment strategy with a disciplined approach to pricing and ambitious value creation plans. CBPE’s core sectors include Business Services, Financial Services, Healthcare & Pharmaceuticals, Industrials, and Technology.

Rede is proud to act as a longstanding strategic advisor to CBPE and is delighted to have partnered again for this highly successful fundraise.