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South Africans have backed Westbrooke Alternative Asset Management’s inaugural UK private equity fund with £75 million. The close was completed in March 2026, and the first investment concluded in April.
The Westbrooke UK Private Equity Fund I was raised mainly from South African high-net-worth individuals and wealth managers seeking hard-currency equity returns. It is designed to invest in six to eight UK lower mid-market businesses over 24 months, targeting a net investor return of 20%+ per annum and a 2.5x multiple on invested capital.
The fund’s first investment was a co-investment alongside UK-based sponsor Total Capital Partners in the management buyout of Radiocoms, a critical communications provider.
“We focus on cash-generative, niche UK businesses that are too small for the big buyout funds, and partner with strong local sponsors to help management teams unlock the next stage of growth,” says Rob Grieve, head of Westbrooke UK Private Equity. “The lower mid-market is where we see the most compelling risk-adjusted returns in UK private equity today, and Radiocoms is a textbook example of exactly the kind of business we want to back.”
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