Macfarlanes has assisted on “first and final” closing of fund, GCP Fund VI, at its hard cap for long standing client Growth Capital Partners.

The fund, GCP Fund VI, will invest in growth companies in the knowledge economy. 

Macfarlanes has acted on all previous Growth Capital Partners funds including GCP Fund V which closed in March 2022 at £260m, exceeding its target of £250m.

The Macfarlanes team was led by Private Funds Partner Harriet Miller with assistance from Associates Caroline Chu and Amelia Le Coyte. Tax advice was provided by Partner James McCredie and Senior Associate Eugene Atkinson. ESG advice was provided by Senior Associate Tiffany Cox and Associate Emily Batchelor.

GCP was advised by fundraising advisory firm, Rede Partners LLP. 

Harriet Miller comments: “We were delighted to work with Growth Capital Partners on their most recent fundraise to date. It is testament to their team to complete such a successful fundraise in this environment raising capital from a broad range of international investors. It was a team effort and we’ve thoroughly enjoyed supporting GCP in reaching this notable achievement.”

John Marsh, Partner of GCP said: “Macfarlanes has run an efficient and streamlined process helping us negotiate the complexities of raising capital from such a diverse and international investor base. Their advice has been key in us achieving this milestone in a "first and final" close."