British firm, Dow Schofield Watts, has raised £4.68 million on the first closure of its debut private equity fund, AltAssets reports. The PHD Equity Partners Fund No 1 will target buyouts in the £2-10 million range in established businesses with enterprise values of about £50 million. The fund will make its initial investments between £250,000 … Continued

PHD Equity Partners, a new private equity fund based in the north-west of England, has reached a first close of £5m (EUR5.5m) on its debut fund.