MML’s latest fund includes backing from Isif, AIB and Cigna

A private equity company that invests in Irish SMEs has closed out its latest fund at €135 million, after receiving backing from State and private investors.

MML Growth Capital Partners, led by its partners Rory Quirke and Neil McGowan, attracted investment for its Fund 2 from the State via the Irish Strategic Investment Fund (Isif), AIB, the European Investment Fund, GoldPoint Partners, British Business Investments and US health group Cigna.

The firm says it has already invested €125 million in Irish SMEs since it was set up in 2013. And it has already begun to deploy cash from its Fund 2, with backing for companies including Irish HomeCare, a Monaghan care provider; and Kyte Powertech, a Cavan manufacturer of power transformers.

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Source: Irish Times