Beringea has launched a new lending company, ProVen Legacy plc and closed its first two deals. Healthcare media and marketing firm Cogora and fintech company Celoxica have received £500k and £250k loans respectively to support them in their next stage of growth. 

Mobeus announces the latest closing of Mobeus Equity Partners IV LP taking total commitments to over £140 million and expects to complete fundraising by the summer. Fund IV is Mobeus’s first institutional fund, and alongside Mobeus’s existing VCT business, brings the firm’s total Private Equity Funds under Management to £360 million.

Maven Capital Partners has appointed three new Investment Managers and a dedicated portfolio administrator to its North West investment team, in support of NPIF Maven Equity Finance, which has a North West focus and is managed by Maven for the Northern Powerhouse Investment Fund (NPIF).

YFM Equity Partners has closed its first buy-out fund, YFMEP 2016, at £45m, 50% above its initial target.

MPP Global, a high growth technology business delivering digital monetization services to the media, sport and retail sectors, has completed a £12m ($15M) Series B financing round from Albion Ventures and Grafton Capital.

Enterprise Ventures, part of Mercia Technologies PLC, has expanded both its debt and equity teams with four new appointments in its Yorkshire offices as a result of the £108m Northern Powerhouse Investment Fund (NPIF) contracts which it secured in February.

Mobeus Equity Partners has appointed Josh Levy as Investment Executive to join the growth investment team. Josh joins from Mercia Technologies PLC where he spent three and a half years investing in venture and growth stage technology companies. Sector experience includes Software, Virtual Reality, Gaming and E-commerce.

The total amount raised by VCTs in 2016/17 demonstrated the strongest demand in a decade. But which offers raised the most? Which closed earliest – and which raised money the fastest?

The answers might surprise you. We put together an infographic showing the offers that opened in the 2016/17 tax year. 

Offers are listed in the order they closed. The size of the circle indicates the amount raised. Two circles indicates over-allotment, where the initial target is met and the offer is extended.

https://www.wealthclub.co.uk/articles/investment-news/vct-fundraising-2016-17-infographic/

Mobeus Equity Partners has provided £2.9 million of growth capital to Buster + Punch, a London-based interiors brand founded in 2012 by architect and industrial designer Massimo Buster Minale.  

Maven Capital Partners has completed the £6 million management buy-out of ProspectSoft Limited to support the roll-out of the new cloud-based SaaS software – Prospect365.

19 April 

Private equity fund manager Calculus Capital has invested a total of £3.5m in Scottish biotechnology company Synpromics, alongside Scottish Entreprise.

11 April

The Association of Investment Companies (AIC) has today published the Venture Capital Trust (VCT) fundraising figures for the 2016/17 tax year, which reveal that the sector has raised £542m. This is the second highest amount raised and an 18% increase on last year’s figure (£458m).