b'wwwwOur portfolioVenture Backing the businessesof tomorrow Venture investing is what Mercia is most wellWe remain an approved partner to theknown for. The acquisition of the ventureBritish Business Bank (BBB), on behalf of capital trust (VCT) fund managementwhich we manage more than 180million of business of NVM Private Equity LLP solidifiesfunds. This is an important partnership for Mercias dominant position as an importantMercia and the continued confidence that BBB provider of venture capital in the regions. has in the Group has been demonstrated by Post acquisition, we have c.184millionthe deed of variation that BBB signed after the liquidity to invest into the buoyant early-stagefinancial year end, increasing the fund size by sector with the added ability to further23.7million. support ambitious SME growth with follow-on funding from the VCTs. We have alreadyThe regional venture funds are led byconcluded our first deal alongside Will Clark, Managing Director, Regional the VCTs. Venture Funds who embodies Mercias proactive approach. By carefully selecting The addition of the c.60 VCT portfolioniche opportunities, which are often hiddencompanies takes Mercias managed fundsin the UK regions, we leverage our networksportfolio to c.390. to build strong management teams and accelerate growth for the brightest SMEs in the regions.Enquiries 2,704Total transaction value34.4m30 Mercia Asset Management PLC Annual Report and Accounts 2020'