Nectar Capital in Private Equity Fund Formation
June 20, 2007
Cleary Gottlieb advised Nectar Capital in the formation of its private equity fund, NC2, L.P., which closed on June 20. The fund is mandated to make acquisitions in the music, media and leisure sectors, principally in the United Kingdom and the United States. Investors were principally high net worth individuals.
Nectar Capital typically invests in companies in the growth stage of their development, with the aim being to work closely with management and assist with strategic and operational issues that accompany the rapid growth phase of a young company.