Investment fund co-founded by Alan Kerr expected to ultimately reach €100m
Dublin-based private equity firm Erisbeg, co-founded by a former Blackstone executive Alan Kerr, has raised an initial €75 million from European investors for its first fund targeting investments in Irish small- to medium-sized businesses (SMEs).
It is expected that the ultimate size of the fund, Erisbeg I LP, may reach €100 million.
Erisbeg was set up in 2017 by Mr Kerr and Thomas Davy, who previously headed up FTSE 100 component DCC’s environmental business before its sale the same year in a deal worth £219 million (€252 million).
Read more/Source: The Irish Times
