Each Saturday as you start to unwind, we take a look back at the week that’s been.
PHD Equity Partners LLP (“PHD”) announced that it has launched its second private equity fund, PHD Equity Partners Fund No.2 LP (“Fund 2”). The firm is currently fundraising and expects to reach its target size of £25 million this year. Fund 2 will build on the firm’s very successful strategy of investing in smaller UK businesses, with valuations of less than £10 million.
A study by Old Mutual Wealth about the roads to wealth for Britain’s youth highlights the financial challenges many young adults experience as they move away from home to establish themselves as independent individuals. One of the key findings the report has shown is that 4.1 million people in the UK aged between 18 and 30 are undergoing a ‘Quarter Life Crisis’, where they struggle to feel satisfied with the path their life is taking financially, professionally and emotionally.