British Business Investments announces a further commitment to Claret Capital Partners Limited with new co-investment fund
Press release
British Business Investments today announces a further commitment to Claret Capital Partners Limited (“Claret”), with a new co-investment fund. The fund will invest in high-growth technology enabled smaller businesses across the UK.
British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims to improve access to alternative finance for smaller businesses across the whole of the UK, while supporting the UK’s transition to a net zero economy. Since it was established in 2014, British Business Investments has committed more than £3.8 billion to providers of finance to UK smaller businesses.
British Business Investments has built a longstanding relationship with Claret, having previously invested in the HEGCF II and Claret European Growth Capital Fund III.
This additional commitment will enable Claret to back high-growth technology companies across the UK with capital to innovate and drive growth. By supporting capital providers like Claret, British Business Investments is able to continue to help ambitious businesses achieve their growth potential.
Adam Kelly Managing Director at British Business Investments
We are thrilled to announce this further support from British Business Investments in Claret, underscoring our shared commitment to fostering innovation and driving growth in the technology sector.
David Bateman Managing Partner, Claret Capital Partners
We are delighted to further expand our relationship with British Business Investments and are grateful for their ongoing support to Claret, and the entrepreneurs and businesses which we back.
Johan Kampe Managing Partner, Claret Capital Partners
Further Information
Notes to editors
About British Business Investments
British Business Investments Limited is a wholly owned commercial subsidiary of British Business Bank plc, the UK government’s economic development bank. British Business Investments aims to earn a commercial return by investing – through finance providers – in smaller businesses and small mid-caps, pursuing investments on a fully commercial basis without receiving any economic advantage from the government. Find out more at bbinv.co.uk.
The Bank and its subsidiary entities are not banking institutions and do not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for British Business Bank plc and its subsidiaries can be found on the British Business Bank plc website.
The transaction described above does not constitute or imply any endorsement, warranty or recommendation by the UK government, the British Business Bank plc or its subsidiaries or any other party in respect of Claret Capital Partners Limited or its products or services.
About Claret Capital Partners Limited
Claret Capital Partners is Europe's largest independent growth debt fund manager. Since 2013, the Claret funds have backed over 175 SMEs from a wide range of geographies across Europe. The team have been active in the technology financing markets for over 20 years and provide innovative debt solutions to help entrepreneurs and private equity investors grow their companies while minimising dilution.
For more information visit www.claret-capital.com
Claret Capital Partners Limited (company registered number 12516001) is authorised and regulated by the Financial Conduct Authority (FRN 993228).
Quick links
Latest news
-
Read more about British Business Investments announces a £15m increase to facility with Liberty Leasing Press release
24 September 2024 -
Read more about Deeptech Labs joins forces with British Business Investment to deploy £10M to fuel the early stage deep tech Ecosystem in the UK Press release
30 July 2024 -
Read more about British Business Investments commits up to €60m to Adams Street Partners through the Managed Funds programme Press release
23 July 2024