Richard Branson takes partner role on private equity fund

Launched by Metric Capital

Virgin founder Sir Richard Branson is to become a partner in a private equity fund investing in consumer goods.

According to the Financial Times, the fund is looking to raise $500m and generate returns of 20%. Some 10% of the profits will be donated to women and children's charities.  It will be co-managed by $2bn investment firm Metric Capital and seek investments in luxury goods, leisure and food & drink.  The fund will invest in Europe and the US and the firm is hopeful of targeting large institutional investors such as the Public Investment Fund (PIF) in Saudi Arabia. Schroders appoints private equity veteran Buffini to board This is the first of three funds to be launched by Metric C...