NorthEdge gears up to back more firms across Yorkshire
NorthEdge Capital plans to back more fast growing firms across Yorkshire.
NorthEdge has announced that its NorthEdge Capital SME Fund I, has reached its £120 million “hard cap”.
The fund was raised from existing investors and enables the firm to take advantage of investment opportunities in the UK regional lower mid-market.
The new fund will target businesses across all sectors in the North of England and the Midlands.
It will be investing between £2m to £10m in growth and development capital, management buyouts, equity release and buy-andbuild opportunities.
NorthEdge Capital’s £315 million Fund II will continue to invest in opportunities requiring capital, having invested more than £150m in 11 companies since the first investment was made in June 2016. NorthEdge is headquartered in Manchester and has offices in Leeds and Birmingham.
Grant Berry, managing partner at NorthEdge Capital, said: “We are very pleased to have successfully raised SME Fund I and value the continued support of our existing investors. “