NorthEdge Capital has received recognition from the private equity community for its recent achievements, claiming three prestigious awards in the space of a week.
The firm was the only private equity house to take home two awards at the Unquote British Private Equity Awards 2016, claiming the Fundraising of the Year category for its Fund II, while Investment Director Phil Frame was crowned Rising Star of the Year.
The Unquote event has been running for 12 years and was attended by 350 private equity professionals. Held at The Brewery in London, the awards celebrate innovation and excellence in private equity and venture capital, as well as honouring the industry’s ability to build British businesses.
In the same week, NorthEdge was also commended for its Environmental, Social and Corporate Governance (ESG) practices, winning ESG Engagement with Portfolio Companies at the BVCA Responsible Investment Awards. The firm’s in-house and bespoke ESG monitoring tool, applied across its portfolio, was cited by the judges.
NorthEdge has enjoyed an exceptional 12 months, closing its second Fund at a hard cap of £300m in March 2016 after just four months, as well as completing seven new deals totalling £100m and realising two substantial exits.
The Unquote judging panel said: “NorthEdge has been impressing the British Private Equity Awards judging panel for several years now, and this time it was their latest fundraising effort that got them the nod. We were particularly impressed by the hard work done to get the fund off the ground, and the impressive journey the firm has been on for the past couple of years.”
At the age of 33, Frame was praised for “investing in a responsible manner, promoting the benefits of private equity and demonstrating leadership qualities”.
Grant Berry, Managing Partner at NorthEdge Capital, said: “This is an outstanding result for NorthEdge and we’re absolutely delighted. Our focus remains on the regional private equity market, so the fact that we’re being honoured on a national stage is a fantastic achievement and something that the team is really proud of.”
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