Fuunded in 2011, Tern Capital is a London-based PE firm that invests in niche technology, growth capital, corporate carve-outs, and special situations. The firm invests up to a10M per transaction. The firm exclusively focuses on investing in technology businesses with primary operations in the United Kingdom, Ireland or the Netherlands. The firm has invested in six companies to date and exited four of these investments with gross returns of 7.5x.