WestBridge III closes at £220m

WestBridge has held a final close of its third Fund, WestBridge III, at the hard cap of £220m after being oversubscribed. This follows on from the success of WestBridge’s predecessor fund, the £100m WestBridge II fund, which independently benchmarks in the top 5% for its strategy and vintage.  Notably, the WestBridge II fund recently agreed to sell its environmental consulting business, APEM Group, earning over 11x MOIC. Once this sale completes, the average MOIC earned on all exits to date by the fund will increase from 4.4x to 6.5x.