Tenzing Private Equity’s closing its inaugural fund to £150 million

Proskauer advised Tenzing Private Equity on closing its debut fundraising. Tenzing Private Equity I, L.P. reached its hard-cap with £200 million in commitments, closing well-above its £150 million target.

Based in London, Tenzing is a lower mid-market private equity firm, dedicated to backing entrepreneurial teams with a shared vision. Tenzing I was significantly over-subscribed with a diverse group of institutional investors from the UK, Europe and North America. The fund will target buyout investments between £10 million and £50 million, continuing the firm’s strategy of backing niche market leaders and challenger businesses across a broad range of industry sectors.

The fundraise was led by Nigel van Zyl (picture) and senior associate Edward Lee, and included associates Qasam Mahmood and Prishi Govender (Corporate), partner Catherine Sear and associate Daniella Abel (Tax) and special counsel John Verwey (Regulatory). Advising on the U.S. aspects of the transaction, the team included partner David Tegeler and associates Samuel Mirkin and Casey O’Brien (Corporate), partner Mary Kuusisto and Alec Campbell (Tax) and senior counsel Adam Scoll (ERISA).

 

Involved fees earner: Nigel van Zyl – Proskauer Rose LLP; Edward Lee – Proskauer Rose LLP; Qasam Mahmood – Proskauer Rose LLP; Prishanthin Govender – Proskauer Rose LLP; David Tegeler – Proskauer Rose LLP; Samuel Mirkin – Proskauer Rose LLP; Catherine Sear – Proskauer Rose LLP; Daniella Abel – Proskauer Rose LLP; Mary Kuusisto – Proskauer Rose LLP; Alec Campbell – Proskauer Rose LLP; Adam Scoll – Proskauer Rose LLP; John Verwey – Proskauer Rose LLP;

Law Firms: Proskauer Rose LLP;

Clients: Tenzing Private Equity;