YFM Equity Partners has successfully closed its British Smaller Companies Venture Capital Trusts (VCTs) fundraising, raising £75 million in just 11 weeks.
The initial target of £50 million was surpassed within the first month, prompting an overallotment to £75 million to meet overwhelming investor demand. The milestone highlights the appetite for growth equity from investors to match the demand from Northern businesses, says YFM managing partner Eamon Nolan.
The successful close of this round brings the British Smaller Companies VCTs’ total growth funds to £500 million, with £150 million currently available for new investments.
YFM remains dedicated to fostering innovation and supporting businesses across the North, helping to shape a thriving regional economy. It is committed to supporting Northern entrepreneurs by providing the resources and expertise they need to achieve their vision, and VCT investment has already played a pivotal role in empowering ambitious businesses in the region, providing not just financial support but also strategic guidance to help them scale effectively.
For entrepreneurs in the North, private equity represents a collaborative partnership—one that shares the risks and rewards of growth while unlocking new opportunities to achieve their vision.
YFM invests £3m to £15m into businesses with strong growth potential located across the North through its offices in Manchester and Leeds, as well as regional offices in London, Reading and Birmingham.