First & Final close for Synova V at £875 million hard cap

July 2022

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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.

Synova co-founders Philip Shapiro and David Menton said:

“We are humbled by the speed and success of this fundraise, which we believe reflects the strength of the Synova model, the talent within our team, and the strong partnerships we have built with investors over the years.

We are committed to continuing to deliver outstanding returns through partnering with remarkable companies and great founders and supporting them to deliver exceptional growth across our core sectors.”