British Business Bank programme: Enterprise Capital Funds
Founded in London in 2011, VGC Partners is a growth capital investor with c.£100m under management across several funds and investment vehicles. The firm is backed by a number of institutions and high net worth individuals who have experience in building consumer, media and technology companies.
VGC Partners’ strategy is built on taking significant minority stakes in private companies, investing between £2m and £5m and working alongside management teams to optimise value and support sales to either private equity or trade buyers. This includes leveraging technology, corporate partners and operational networks across the US, Europe and Asia-Pacific to help drive meaningful growth for its portfolio.
In March 2019, VGC announced the close of Fund II at £50.25m, to target UK-based consumer, media and tech companies. The firm has been supported by a £30m commitment from the British Business Bank through its Enterprise Capital Funds (ECF) programme for early stage venture capital. Additional funds have been secured from private investors and high-net worth individuals. The new fund is the Bank’s 28th ECF.