Return Fund #5 focuses on three B2B technology sectors: Advanced Engineering/CleanTech, Healthcare, and Digital Transformation. The majority of investments are in established and scale-up companies with proven business models. The Fund invests both in individual companies and portfolios of investments. It combines secondary purchases from existing investors with the deployment of fresh capital directly into companies.
Return Fund #5 is being raised on a rolling basis, allowing it to make investments immediately. The first transaction for the new Fund was a £2m initial investment in Mentor Group Limited, a leading supplier of sales transformation services and technology that enable customers to achieve big improvements in the performance of their sales operations.
Return Fund #5 is for sophisticated individual investors, family offices, and institutions. It targets a 2.5 times return – consistent with the performance achieved by Shackleton’s four existing funds. It is managed by Shackleton’s authorised fund management subsidiary Shackleton Finance Limited and is advised by joint venture partner Ruffena Capital Limited.