b'HighlightsWe are ona rewardingjourney, togetherAs we emerge from the current challenging environment,we are well placed with preserved capability and liquidity to sustain our highly selective investment strategy and the flexibility to continue to support andmanage our portfolios as companies mature.Assets under management (AuM)c.800m2019: c.507mFunds under management (FuM)c.658m2019: c.381m02 Mercia Asset Management PLCAnnual Report and Accounts 2020'