Synova LLP has announced the First & Final close of Synova V at the hard cap of £875 million, surpassing its original £750 million target, in just three months.
Synova V will maintain Synova’s tireless focus on partnering with exceptional growth companies within the Technology, Business Services, Financial Services, and Health & Education sectors. In addition to opportunities in the UK and Ireland, Synova will also be seeking platform opportunities in continental Europe.
Synova V has been deliberately constructed to support companies throughout their growth trajectory. As such, £250 million of the capital, the Chrysalis pool, will be reserved for investments in smaller companies, to continue to capitalise on outstanding opportunities in this segment of the market as well as providing a strong source of incremental returns for investors.
Synova V received overwhelming support from existing investors, who increased their commitments by over 50% on average, as well as select new investors in a fundraise that was once again heavily oversubscribed.
