Exponent Private Equity has closed its second fund, Exponent Private Equity Partners II, with commitments of £805m. This fund doubles the amount raised in the first fund in 2004.  Exponent has now committed more than 80% of its first fund to eight investments including the acquisition in October 2005 of the TSL Education business from News International for £235m, which was then sold to Charterhouse in May 2007 for a still undisclosed amount.

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