Epiris is the new name for Electra Partners.
Epiris is a top-performing private equity fund manager which, together with its predecessor firms, has managed private equity investment programmes for Electra Private Equity PLC as well as pension funds, financial institutions and family offices from around the world for three decades.
Epiris has invested £1.5 billion in private equity and leveraged loan assets since 2011; the returns it has delivered are in the top decile** when compared with other private equity funds investing in Europe.
Epiris announces its new name today to reflect its future and its independence from Electra Private Equity PLC, which it will continue to manage until 31 May 2017.
Alex Fortescue, Managing Partner of Epiris, said:
“We are delighted to launch Epiris today.
“The name is a combination of “EP”, Electra Partners’ initials, and “Iris”, Electra’s daughter in Greek mythology. We are proud of the exceptional returns we have produced for our investors, including Electra Private Equity PLC and its shareholders, over the decades. Our new name retains a link to this heritage, whilst also providing a new identity for our exciting future.
“We have an experienced and talented team, a top-decile track record and a differentiated strategy and look forward to continuing to generate outstanding returns for our investors.”
* This is not an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or an exemption from registration. Any investment in any Epiris fund shall be qualified in its entirety by the terms and conditions of that fund's offering materials including any prospectus.
** Refers to the 2009 and 2012 investment pools comprising Buyout & Co-investment, Secondary and Debt investments managed on behalf of Electra Private Equity PLC; comparator data supplied by Preqin.
For further information please contact:
Andrew Honnor, Matthew Goodman, Matthieu Roussellier, Greenbrook Communications
+44 (0)20 7952 2000
Andrew Kenny and Nicholas Board, Epiris +44 (0)20 7306 3932
Note to Editors:
Epiris is a top-decile private equity fund manager.
Epiris, together with its predecessor firms, has managed the business and affairs of Electra Private Equity PLC, a listed private equity investment trust, for three decades. Epiris has also managed private equity investment programmes for pension funds, financial institutions and family offices. During this time Epiris has invested in excess of £5 billion in over 200 deals. As at 31 March 2016, the firm had funds under management of £2 billion.
Epiris’s flexible investment strategy has allowed it to invest broadly across the private equity market, including in buyouts and co-investments, secondaries and debt assets.
In respect of buyouts and co-investments and loan-to-own debt investments made since 2011, Epiris has delivered a gross IRR of 36%***.
For further information please visit www.epiris.co.uk.
Issued by Epiris Managers LLP which is authorised and regulated by the Financial Conduct Authority.
*** As at 31 March 2016 adjusted for subsequent investments and realisations. Gross IRR does not reflect adjustments for investment management and administration costs. Past performance is no guarantee of future results.