British Business Investments announces a further commitment to Claret Capital Partners Limited, with a new co-investment fund.
The fund will invest in high-growth technology enabled smaller businesses across the UK.
British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims to improve access “to alternative finance for smaller businesses across the whole of the UK, while supporting the UK’s transition to a net zero economy.”
Since it was established in 2014, British Business Investments has “committed more than £3.8 billion to providers of finance to UK smaller businesses.”
British Business Investments has built a relationship with Claret, “having previously invested in the HEGCF II and Claret European Growth Capital Fund III.”
This additional commitment will “enable Claret to back high-growth technology companies across the UK with capital to innovate and drive growth.”
By supporting capital providers like Claret, British Business Investments is “able to continue to help ambitious businesses achieve their growth potential.”
Adam Kelly, Managing Director at British Business Investments:
“We are thrilled to announce this further support from British Business Investments in Claret, underscoring our shared commitment to fostering innovation and driving growth in the technology sector.”
David Bateman, Managing Partner, Claret Capital Partners:
“We are delighted to further expand our relationship with British Business Investments and are grateful for their ongoing support to Claret, and the entrepreneurs and businesses which we back.”
British Business Investments Limited is “a wholly owned commercial subsidiary of British Business Bank plc, the UK government’s economic development bank. British Business Investments aims to earn a commercial return by investing – through finance providers – in smaller businesses and small mid-caps, pursuing investments on a fully commercial basis without receiving any economic advantage from the government.”
The Bank and its subsidiary entities are “not banking institutions and do not operate as such.
They are not authorized or regulated “by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).”
Claret Capital Partners is Europe’s largest independent growth debt fund manager.
Since 2013, the Claret funds have “backed over 175 SMEs from a wide range of geographies across Europe.”
The team have been active in the technology financing markets “for over 20 years and provide innovative debt solutions to help entrepreneurs and private equity investors grow their companies while minimising dilution.”