Braveheart Investment Group plc, an AIM-listed fund manager specializing in growth capital investments for business angels, high net worth individuals and family offices, has been appointed to manage a £50m Growth Loan Fund aimed at supporting small to medium-sized enterprises in Northern Ireland.
Braveheart is the lead bidder in a consortium also comprising NEL Fund Managers Ltd, a manager of mezzanine loan funds, and Clarendon Fund Managers Ltd, a manager of funds supporting SMEs in Northern Ireland.
The fund, which will be managed on a fully commercial basis and will be constructed as a limited partnership with a 10-year term, subject to extension, will operate on a matched funding basis: Invest Northern Ireland, the regional business development agency, has committed £25m, while a further £25m is being committed by the private sector.
FinSMEs
29/02/2012