Return Fund #5
A joint secondaries led fund in partnership with Shackleton Ventures.
Promoted by Shackleton Finance Limited as the regulated entity
We have now launched a new joint venture secondary-led investment fund, the 'Return Fund #5', in partnership with Shackleton Ventures.
This fund will typically purchase existing minority stakes in established businesses in selected sectors. Investments sought will exhibit less risk than growth capital funds, yet provide excellent returns for investors.
This fund will mainly look to invest in proven scale-up businesses headquartered in the UK or Europe with investment sizes ranging from £1m - £5m per company. It will benefit from attractive post-pandemic 'new-normal' focused investment opportunities, realistic transaction pricing and attenuated competition combined with a focus on driving profitable exits and strong returns to investors.
Shackleton has an excellent track record of returns to investors across their four previous funds, so far achieving 24 profitable exits.
- Less contested opportunities
- Act as lead investor to shape the terms
- Strong network and prior experience
- Mostly proprietary and exclusive deals
- Primary access to ongoing deal flow
Sectors: Digital Transformation, Healthcare Technology and Cleantech & Advanced Engineering
- 65% of transactions will be secondary-led
- Top Quartile Returns
- Capital protection mindsete
- 5+ transactions per annum in first 3 years
- 7+ year fund life
SHACKLETON VENTURES: four successful funds specialising in secondary venture and development capital, buying existing holdings from investors and driving value with an average IRR of 16%, and 24 profitable exits over the last 14 years. Based on audited fund performance to 31st December 2019.