Mercia is pleased to note that its first Knowledge-Intensive and annual Enterprise Investment Scheme funds have raised a combined total of c.£20million in new capital during the last year.
The specialist KI fund will invest in high-growth businesses that generate a positive impact, as outlined by the United Nations’ sustainable development goals.
As one of the UK’s leading providers of both EIS and Venture Capital Trust investment capital, these successful fund raises, together with the £40.0million recently raised by the Northern VCTs, means that Mercia has raised over £60million in new funds from individual investors during the last year.
Mark Payton, CEO of Mercia, commented: “As an exclusively national investor, focused on delivering capital and support to the UK regions, responsible investment is at our core. More broadly, Environmental, Social and Governance issues are quite rightly an increasingly important driver of investor decision making. We’re therefore delighted to have raised our first Knowledge-Intensive fund that will capitalise on our experience of successfully investing in purpose-led regional SMEs. More broadly, raising over £60million in new funds from individual investors during the last year is testament to how our increasingly successful track record of delivering attractive realisations is supporting Mercia’s strategy of scaling its assets under management.”