Synova Capital, a UK-based lower mid-market firm, has closed its latest fund on its £250 million hard-cap having spent just three months in market, according to people familiar with the matter.
The fund, which had a £200 million target, came to market in mid-October 2015, when Synova began discussions with existing investors. London-based placement agent First Point Equity acted as an adviser on the fundraising. The fund was heavily oversubscribed, according to one of the people.
