Growth Capital

This is a specialist sector and funds may be global in nature or may stick to one country or market. The important differentiator is that these funds will invest at least 80% of their portfolios in private equity and unquoted shares, which they can then hold post IPO (after firms become listed companies) if they want to. These funds will generally take non-controlling stakes in early to maturing companies and will look to provide expansion capital for those firms to grow.