Credit Fintech provider TotallyMoney has agreed £29 million of funding from Elliott Advisors (UK) Limited (Elliott) and existing investors Scottish Equity Partners (SEP). The investment, which is subject to FCA approval, will be used to accelerate customer acquisition, build out the market leading technology platform and, through continued innovation, provide better credit for UK consumers.

Andrew Graham is to take the role of Managing Partner at Kernel Capital in March next year. He takes over from Niall Olden who will continue as Partner, member of the Kernel Capital Fund Investment Committees and full-time committed to the firm. 

Dow Schofield Watts director David Smith gives his views on how to create a successful portfolio of angel investments.

YFM Equity Partners has exited its investment in GTK Limited for £14.3m, to Volex Plc, generating a return of 3.4x original cost to its funds and a 36% IRR.

FM supported the incumbent management team in the primary buyout of GTK from its founder in October 2013. During the past five years, YFM has seen invested revenues grow over 60% and profits have more than doubled. The growth has been driven by continued investment in the UK sales team; the opening of a new sales office in Germany; a near doubling of manufacturing capacity in the UK; and the opening of a new manufacturing facility in Romania in 2016.

New research from eFront shows an inverse correlation between the pace of capital deployment and fund performance.  

Limited partners in private equity funds should be wary of putting managers under pressure to deploy capital – that is the conclusion of new research published by eFront, the world’s leading alternative investment management software and solutions provider.

eFront’s research shows that there is an inverse correlation between the level of capital deployed during the first year of a fund’s investment period, and its eventual performance.

The economic contribution of the Cambridge – Milton Keynes – Oxford Growth Corridor to the UK’s post-Brexit economy could reach £400billion by 2050, Bidwells’ latest research reveals.

But delivery of a planned Expressway Road and a re-opened Varsity Line linking the region’s economic centres is essential to maintain the impressive growth seen in the Corridor since 2013.

The Corridor’s economy would grow to £400billion if it continues expanding at the pace of recent years. The Corridor’s Gross Value Added (GVA) will surpass £300billion by 2050, even if the region’s growth slowed below the long-term average rates seen since 1998.

Patrick McMahon, Bidwells Senior Partner, said: “The Growth Corridor is the UK’s next Economic Powerhouse. This knowledge-intensive region is already big on ideas but is set to become much bigger in economic value too.

Northleaf Capital Partners has launched an initial closing of Northleaf Venture Catalyst Fund II (NVCF II) as part of the Government of Canada’s Venture Capital Catalyst Initiative. NVCF II provides investors with access to Canada’s top venture capital funds as well as direct investments in high-potential, innovative Canadian companies.

YFM Equity Partners has sold its stake in Gill Marine Holdings Limited for an undisclosed sum to the Myers family office, working in conjunction with Pop Capital, a specialist brand investor. Gill, the iconic British performance apparel brand, has more than 40 years of heritage in designing technical clothing, footwear and accessories for elite sailors and marine enthusiasts within its global distribution network.  The Company is led by CEO Jamie Tunnicliffe and his team of COO Ian Poore, Commercial Director Dominic McCarthy and Product Director Matt Clark.

Ascension Ventures, the London-based investment firm, re cent funding round will see the addition of 14 new Venture Partners. The group strengthens Ascension’s core belief in entrepreneurs investing in entrepreneurs, bringing in active UK and US investors with a number of them already successfully-exited entrepreneurs. Ascension’s bolstered experience in early stage investments and deep sector knowledge will increase deal-flow and support portfolio companies as they develop and scale in the UK and beyond.

Bregal Milestone, a European private capital firm, has completed an investment into Greenstorm, an innovative e-mobility and e-commerce company based in Kufstein, Austria. The investment is made from a €400 million fund dedicated to investing in European growth companies. Bregal Milestone’s commitments typically range from €20 million to €60 million.

London based Pinga, earmarked the ‘Uber for everyday tasks’ expanded to East London earlier this month.

An innovative treatment for those suffering from the effects of a debilitating medical condition is now a step closer after a significant investment from NorthInvest.

Created by doctors who work on the front line, the technology developed by Renephra helps patients dealing with chronic fluid overload including Lymphoedema – a condition which affects 200 thousand people across the UK.

The treatment aims to improve a patient’s quality of life, allowing them to spend more time with friends, family and loved ones. Treatment which would normally take place in a hospital setting will now be able to be administered at home.