Coniston is pleased to announce that it has held the first close of its second fund, Coniston Capital II LP, over its first close target of £30m and expects to complete fund raising by the end of 2025.
Coniston will continue to focus on the underserved UK small-cap market investing to support UK SMEs with MBOs and buy and build strategies. With a strong pipeline of opportunities, Coniston expects to make its first investment from the fund shortly.
Amit Hindocha, Managing Partner, commented: “We are proud to have reached this significant milestone. We have strong conviction in our investment thesis which is shared by our LPs and we look forward to partnering with more UK SMEs to support their growth plans.”
Stephen Grabiner, Non-Executive Chairman, added: “Coniston is targeting a well-known funding gap in the UK private equity market. This second fund will allow Amit and the team to build on their hard work over the past four years working with more management teams to drive their businesses forward.”
Stephenson Harwood, led by Sarah de Ste Croix and supported by Hugo Mayes and Mikaela Hristova, is serving as legal adviser to the fund.
