British Business Bank commits £60m to NorthEdge investment fund

British Business Bank explores private equity with £60m deal

British Business Bank is exploring investments in the private equity space through a new £60m commitment to NorthEdge IV. As part of the government-owned development bank’s new growth equity strategy it has been mandated to invest in private equity funds focused on backing smaller businesses. The mandate was given to the bank as part of the government’s ambition to drive economic growth through higher-risk and high-growth investments. NorthEdge …

Business Bank commits £60m to NorthEdge IV – Northern Financial Review

Sheffield-based British Business Bank, the UK government’s economic development bank,  announced a new cornerstone commitment of £60 million to Manchester private equity firm NorthEdge IV, made under the bank’s new Growth Equity strategy. Under this new mandate, the British Business Bank will be able to invest into private equity funds focused on backing smaller businesses. The Growth Equity strategy will invest on a fully commercial basis acros…

British Business Bank commits £60m to NorthEdge investment fund

Fund will focus on SMEs in nations and regions of the UK

British Business Bank makes £60m commitment to NorthEdge IV as part of new Growth Equity strategy

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