ENDLESS FUND I
Endless LLP was established in December 2005, when we raised our first fund of £135 million from a high net worth individual, with additional support from key banking partners. Endless Fund I invested in over 20 transactions, the most notable of which was our July 2006 acquisition of £225 million revenue Peter Black International Limited and its subsequent divestment to a Far Eastern trade buyer 13 months later in August 2007. Although such a short investment horizon is not typical of Endless investments, the opportunity to divest to Li & Fung generated significant returns for management and Endless and brought widespread recognition for our business. The operational turnaround of Neville Johnson Offices Limited was also a high profile success story and further details are available by following this link.
Endless Fund I is now primarily focused on follow on investments within the existing Fund I portfolio, with new investments being made through Endless Fund II.
ENDLESS FUND II
Endless Fund II represents our first institutional fund and we held a first and final close at £164 million in February 2008, backed by a hand-picked selection of 12 blue chip institutional investors from the United Kingdom, Europe and the United States of America. Endless LLP and the founding partners also have significant investment in our second fund, which is approximately 60% invested in our first 12 transactions, including the acquisition and financial restructure of Vasanta in July 2009, the £500 million turnover office products group based in Sheffield.
Endless Fund II is actively seeking opportunities to invest. We have to date made 12 investments since February 2008, being St. Neots Packaging, Amco Group, The Works, Crown Paints, JTF Wholesale, Cosalt Holiday Homes, Vasanta, Trutex, Webb Group, Liberata and Niagara LaSalle. For further details of these and other Endless investments, please visit our Portfolio pages.
ENDLESS FUND III
In July 2011 Endless raised Fund III in just 10 weeks closing at £220m investors include pension funds, family offices, universities and charitable endowments from the USA and across Europe.