NorthEdge gears up to back more firms across York­shire

Yorkshire Post - Business - - BUSINESS / NEWS -

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. “

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