Our Growth Equity portfolio makes commitments to UK private equity funds investing in smaller companies with a preference for those with a strong regional focus. We are open to investing in both minority and majority equity control strategies that will typically invest between £5m and £50m in each company.
The Bank has invested in these types of funds since 2015, to support growth-focused companies that are looking to scale. There is limited awareness from institutional investors of this asset class and so our capital is catalytic in supporting new funds achieving a first close. We consider that the returns from this asset class are highly attractive.
We invest on a fully commercial basis. Applicants must have a demonstrable track record and an experienced team.
The British Business Bank invest across all sectors however, we do invest in thematic strategies and have a preference for strategies that are closely aligned with the 8 Industrial Strategy sectors and which invest across the UK’s Nations and regions.
Growth Equity Overview (Cumulative to March 2025)
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15 Portfolio Investments
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£357m committed
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£17m committed in 2024/25
The UK has lots of companies with the potential to accelerate their growth. This portfolio allocates capital to Fund Managers who can support successful entrepreneurs with capital and expertise. We expect the returns to be highly attractive and for portfolio companies to expand in the UK and internationally. - Richard Coldwell Investment Director
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