LongAcre Partners, the technology, media and telecommunications (TMT) corporate finance boutique, plans to set up a private equity fund by the end of this year.

Jonathan Goodwin, joint chief executive of LongAcre, which was founded in July last year, said the plan is to use existing resources to set up the fund, rather than buying a company to do so. He likened LongAcre's plans to those of corporate finance adviser Broadview, which formed its own private equity group, Broadview Capital Partners.