Knowledge

Business Growth Fund

Source đź“ť

24: 1939: 1929: 1909: 1889: 1879: 1919: 1899: 235:, founding CEO, said that a new organisation was needed because 3i’s business model, in line with the private equity industry generally, had evolved to focus on large buyout deals, meaning it had less of a focus on providing growth capital to small and mid-sized businesses. 214:, who had argued for the creation of an organisation to provide equity funding to help close a perceived funding gap for small and mid-sized businesses. A shortfall in funding for small and mid-sized businesses in the UK had been identified as long ago as 1931 by the 971: 300:
In 2013, Welton was appointed as an adviser to the government regarding the establishment of the British Business Bank, and, in 2017, he was invited to join the Industry Panel for the UK Government’s Patient Capital Review.
163:
From a network of 16 offices in the UK and Ireland, the company has invested more than ÂŁ3 billion in more than 400 small and mid-sized companies. Around three-quarters of its investments have been in companies based outside
706: 566: 1809: 329:
BGF invests in a range of companies including start-ups, growth-stage businesses and quoted companies across almost every region and sector of the UK and Irish economy, barring financial services.
1387: 960: 1968: 1882: 1983: 1978: 910: 362:, which develops lasers and photonic optical instruments, received funding from BGF in 2012. BGF exited the majority of its shareholding in the company in 2020 when the 1380: 1062: 658: 1963: 936: 175:
BGF typically takes minority, non-controlling shareholdings in investee companies. BGF has completed more than 150 exits by selling businesses in its portfolio.
1456: 886: 836: 430: 1013: 809: 1942: 1373: 1283: 731: 1854: 383:
found there were 21,400 growth economy companies in the UK in 2018, defined as fast-growing businesses that report turnover of between ÂŁ2.5-100 million.
238:
In 2017, BGF opened an office in Dublin to administer a €250 million fund to invest in small and mid-sized Irish companies. The Irish fund is backed by
1973: 323:
BGF typically invests as a minority, non-controlling shareholder. Investments are usually structured as ordinary shares, loan notes or a combination.
861: 784: 598: 1125: 257:
BGF’s model has been replicated in Canada with the Canadian Business Growth Fund, launched in 2018 and backed by financial institutions including
457: 332:
BGF has been recognised as the most active growth investor in the world by number of investments, averaging about one investment a week.
1676: 1671: 1100: 352:
Social video advertising platform Unruly received financing from BGF in a funding round announced in 2012. The business was acquired by
1579: 204: 386:
BGF provides an alternative source of funding for these companies, which have traditionally relied on bank loans to finance growth.
379:
has described the market segment of small and mid-sized companies in which BGF seeks to invest as “the growth economy”. Research by
363: 251: 1258: 1464: 1441: 1912: 1654: 326:
When an investment is sold, the returns are reinvested in the fund. This model has been called an “evergreen balance sheet”.
293:
Andy Gregory has been chief executive officer of BGF since 1 September 2022. He took over from Stephen Welton, formerly of
1922: 1892: 1902: 1659: 320:
as “long-term investment in innovative firms led by ambitious entrepreneurs who want to build large-scale businesses”.
1489: 1484: 1479: 1474: 1469: 1150: 297:, who led BGF since inception in 2011. From 1 January 2023, Welton will serve as non-executive chair of the business. 1536: 1038: 707:"Sir Nigel Rudd and Stephen Welton say new investment fund will create 'opportunities that don't currently exist'" 672: 632: 567:"Sir Nigel Rudd and Stephen Welton say new investment fund will create 'opportunities that don't currently exist'" 309:
BGF typically makes initial investments of between ÂŁ2-15 million, with the possibility for follow-on investments.
1746: 1696: 1634: 1594: 1541: 1932: 1849: 1844: 1829: 1824: 1779: 278: 1531: 1839: 1804: 1701: 196: 82: 1756: 1664: 814: 542: 403: 262: 221:
BGF was seen as a successor to the Industrial and Commercial Finance Corporation (ICFC), set up by the
1784: 1569: 1446: 258: 1201: 1859: 1721: 1629: 1624: 1620: 1574: 571: 215: 1333: 1233: 988: 491: 1834: 1794: 1731: 1726: 1564: 1056: 652: 239: 200: 169: 86: 911:"New advisory hires for government's business bank includes BGF chief executive Stephen Welton" 1799: 1526: 1521: 1516: 1431: 1209: 682: 467: 346: 294: 270: 269:. In 2019, the Australian Business Growth Fund was launched with backing from banks including 1639: 1508: 1419: 758: 607: 359: 1284:"Coronavirus: ÂŁ15bn fund essential to avert 'economic catastrophe', historian Seldon warns" 1175: 23: 1819: 1741: 1589: 1551: 1426: 1400: 313: 243: 222: 157: 42: 349:
in 2020 when it completed a funding round valuing the business at more than $ 1 billion.
210:
The launch followed lobbying of both Conservative and Labour politicians by businessman
1988: 1644: 1559: 1436: 1396: 763: 376: 232: 100: 1957: 1751: 1736: 1716: 1604: 1365: 887:"Investor BGF undertakes 'organisational evolution' with string of executive changes" 837:"Investor BGF undertakes 'organisational evolution' with string of executive changes" 431:"Investor BGF undertakes 'organisational evolution' with string of executive changes" 1864: 1789: 1761: 1706: 1599: 435: 1649: 736: 317: 247: 192: 78: 1814: 1584: 211: 1213: 1151:"Gousto becomes lastest [sic] UK tech 'unicorn' after lockdown surge" 686: 471: 1711: 1309: 677: 462: 353: 1202:"News Corp's ÂŁ58m Unruly acquisition shows 'high caliber' of UK tech scene" 785:"Growth fund backed by big banks looking to pick up the pace of investment" 1288: 1126:"Gousto raises ÂŁ9m with backing of Business Growth Fund and MMC Ventures" 496: 282: 266: 184: 70: 1101:"Stephen Welton, BGF Q&A: 'We want to help you make a quantum leap'" 937:"Investor BGF targets injecting ÂŁ100m equity into ambitious businesses" 637: 593: 274: 1414: 408: 342: 165: 1076: 611: 518: 109: 458:"BGF's Stephen Welton, the constant gardener of budding Bransons" 810:"Big banks to pump $ 100 million each into business growth fund" 188: 74: 1369: 1259:"Glasgow 'quantum developer' raises ÂŁ32.5m from major backers" 380: 989:"Walker Precision Engineering secures second BGF investment" 492:"Walker Precision Engineering secures second BGF investment" 226: 862:"Stephen Welton to be Appointed Executive Chairman of BGF" 160:
for small and mid-sized businesses in the UK and Ireland.
1360: 1334:"Business Growth Fund plugs equity gap for entrepreneurs" 732:"New €250m fund aims to take equity stakes in Irish SMEs" 345:
first received funding from BGF in 2015. Gousto became a
134: 759:"Investor BGF opens Cork office to target Munster firms" 961:"Financing growth in innovative firms: consultation" 594:"The MacMillan Gap and the Shortage of Risk Capital" 1770: 1689: 1613: 1550: 1507: 1498: 1455: 1407: 129: 119: 107: 93: 66: 48: 38: 30: 1969:Financial services companies established in 2011 1039:"UK small business fund looks to fill bank gap" 633:"UK small business fund looks to fill bank gap" 1037:MacLellan, Douwe Miedema, Kylie (2012-05-16). 631:MacLellan, Douwe Miedema, Kylie (2012-05-16). 1381: 229:. BGF has been described as the “modern 3i”. 8: 1883:Private equity and venture capital investors 1234:"Laser firm M Squared secures funding boost" 1176:"Unruly gets $ 25M to fuel global expansion" 1061:: CS1 maint: multiple names: authors list ( 657:: CS1 maint: multiple names: authors list ( 16: 1984:Venture capital firms of the United Kingdom 1014:"Business Growth Fund | Barclays Corporate" 1979:Private equity firms of the United Kingdom 1918: 1898: 1855:Taxation of private equity and hedge funds 1672:Private investment in public equity (PIPE) 1504: 1388: 1374: 1366: 22: 15: 156:, is an investment company that provides 599:Journal of the Royal Statistical Society 395: 1054: 650: 1964:British companies established in 2011 252:the Ireland Strategic Investment Fund 7: 543:"New Growth Fund opens for business" 404:"New Growth Fund opens for business" 673:"Business big shot: Richard Bishop" 14: 364:Scottish National Investment Bank 254:and BGF’s existing shareholders. 225:in 1945 and subsequently renamed 150:BGF Investment Management Limited 1974:Investment in the United Kingdom 1938: 1937: 1928: 1927: 1917: 1908: 1907: 1897: 1888: 1887: 1878: 1877: 977:from the original on 2019-02-26. 1655:Publicly traded private equity 1: 1923:List of venture capital firms 1200:McGoogan, Cara (2015-09-16). 935:McDonald, Gary (2020-12-22). 152:, established in 2011 as the 1903:List of private equity firms 1660:Business Development Company 808:Wright, Shane (2019-11-26). 341:Recipe box delivery company 316:, which has been defined by 183:BGF was founded in 2011 by 54:; 13 years ago 2005: 1747:High-net-worth individuals 1537:Leveraged recapitalization 757:Healy, Alan (2020-02-20). 203:banks, in the wake of the 1873: 1635:Limited liability company 1595:Venture capital financing 1542:Dividend recapitalization 1018:www.barclayscorporate.com 885:Reid, Scot (2022-07-18). 835:Reid, Scot (2022-07-18). 429:Reid, Scot (2022-07-18). 21: 356:for ÂŁ58 million in 2015. 1702:Institutional investors 279:National Australia Bank 1840:Liquidation preference 1805:Distribution waterfall 1757:Sovereign wealth funds 197:Royal Bank of Scotland 83:Royal Bank of Scotland 1913:Venture capital firms 1665:Venture capital trust 815:Sydney Morning Herald 366:became a shareholder. 263:Toronto-Dominion Bank 205:2008 financial crisis 1893:Private equity firms 1621:Private equity firms 1570:Post-money valuation 1447:Equity co-investment 1310:"The Growth Economy" 866:www.prnewswire.co.uk 259:Royal Bank of Canada 154:Business Growth Fund 34:Business Growth Fund 1943:Portfolio companies 1860:Undercapitalization 1712:Insurance companies 1630:Limited partnership 1575:Pre-money valuation 711:The Daily Telegraph 592:Lord Percy (1955). 572:The Daily Telegraph 336:Notable investments 305:Investment approach 216:Macmillan Committee 121:Number of employees 18: 1795:Capital commitment 1565:Business incubator 1532:Buy–sell agreement 377:Sir Anthony Seldon 371:The growth economy 312:The firm provides 295:JP Morgan & Co 201:Standard Chartered 170:South East England 87:Standard Chartered 1951: 1950: 1800:Capital structure 1685: 1684: 1527:Divisional buyout 1522:Management buyout 1517:Financial sponsor 271:Commonwealth Bank 147: 146: 1996: 1941: 1940: 1931: 1930: 1921: 1920: 1911: 1910: 1901: 1900: 1891: 1890: 1881: 1880: 1742:Commercial banks 1732:Investment banks 1640:Carried interest 1505: 1408:Investment types 1390: 1383: 1376: 1367: 1361:Official website 1348: 1347: 1345: 1344: 1330: 1324: 1323: 1321: 1320: 1306: 1300: 1299: 1297: 1296: 1280: 1274: 1273: 1271: 1270: 1255: 1249: 1248: 1246: 1245: 1230: 1224: 1223: 1221: 1220: 1197: 1191: 1190: 1188: 1187: 1172: 1166: 1165: 1163: 1162: 1147: 1141: 1140: 1138: 1137: 1122: 1116: 1115: 1113: 1112: 1097: 1091: 1090: 1088: 1087: 1073: 1067: 1066: 1060: 1052: 1050: 1049: 1034: 1028: 1027: 1025: 1024: 1010: 1004: 1003: 1001: 1000: 985: 979: 978: 976: 965: 957: 951: 950: 948: 947: 932: 926: 925: 923: 922: 907: 901: 900: 898: 897: 882: 876: 875: 873: 872: 857: 851: 850: 848: 847: 832: 826: 825: 823: 822: 805: 799: 798: 796: 795: 781: 775: 774: 772: 771: 754: 748: 747: 745: 744: 727: 721: 720: 718: 717: 703: 697: 696: 694: 693: 669: 663: 662: 656: 648: 646: 645: 628: 622: 621: 619: 618: 589: 583: 582: 580: 579: 563: 557: 556: 554: 553: 539: 533: 532: 530: 529: 515: 509: 508: 506: 505: 488: 482: 481: 479: 478: 453: 447: 446: 444: 443: 426: 420: 419: 417: 416: 400: 143: 140: 138: 136: 112: 103:, Sir Nigel Rudd 62: 60: 55: 26: 19: 2004: 2003: 1999: 1998: 1997: 1995: 1994: 1993: 1954: 1953: 1952: 1947: 1933:Angel investors 1869: 1820:High-yield debt 1773:financial terms 1772: 1766: 1681: 1609: 1590:Startup company 1546: 1500: 1494: 1451: 1403: 1401:venture capital 1394: 1357: 1352: 1351: 1342: 1340: 1332: 1331: 1327: 1318: 1316: 1308: 1307: 1303: 1294: 1292: 1282: 1281: 1277: 1268: 1266: 1257: 1256: 1252: 1243: 1241: 1232: 1231: 1227: 1218: 1216: 1199: 1198: 1194: 1185: 1183: 1174: 1173: 1169: 1160: 1158: 1149: 1148: 1144: 1135: 1133: 1130:Growth Business 1124: 1123: 1119: 1110: 1108: 1105:Growth Business 1099: 1098: 1094: 1085: 1083: 1075: 1074: 1070: 1053: 1047: 1045: 1036: 1035: 1031: 1022: 1020: 1012: 1011: 1007: 998: 996: 987: 986: 982: 974: 963: 959: 958: 954: 945: 943: 934: 933: 929: 920: 918: 915:Growth Business 909: 908: 904: 895: 893: 884: 883: 879: 870: 868: 859: 858: 854: 845: 843: 834: 833: 829: 820: 818: 807: 806: 802: 793: 791: 783: 782: 778: 769: 767: 756: 755: 751: 742: 740: 729: 728: 724: 715: 713: 705: 704: 700: 691: 689: 671: 670: 666: 649: 643: 641: 630: 629: 625: 616: 614: 612:10.2307/2342517 591: 590: 586: 577: 575: 565: 564: 560: 551: 549: 541: 540: 536: 527: 525: 517: 516: 512: 503: 501: 490: 489: 485: 476: 474: 455: 454: 450: 441: 439: 428: 427: 423: 414: 412: 402: 401: 397: 392: 373: 338: 314:patient capital 307: 291: 244:Bank of Ireland 223:Bank of England 181: 158:venture capital 133: 125:180 (2021) 122: 108: 96: 58: 56: 53: 43:Venture capital 12: 11: 5: 2002: 2000: 1992: 1991: 1986: 1981: 1976: 1971: 1966: 1956: 1955: 1949: 1948: 1946: 1945: 1935: 1925: 1915: 1905: 1895: 1885: 1874: 1871: 1870: 1868: 1867: 1862: 1857: 1852: 1847: 1842: 1837: 1832: 1827: 1822: 1817: 1812: 1807: 1802: 1797: 1792: 1787: 1782: 1776: 1774: 1768: 1767: 1765: 1764: 1759: 1754: 1752:Family offices 1749: 1744: 1739: 1737:Merchant banks 1734: 1729: 1724: 1719: 1714: 1709: 1704: 1699: 1693: 1691: 1687: 1686: 1683: 1682: 1680: 1679: 1674: 1669: 1668: 1667: 1662: 1652: 1647: 1645:Management fee 1642: 1637: 1632: 1627: 1617: 1615: 1611: 1610: 1608: 1607: 1602: 1597: 1592: 1587: 1582: 1577: 1572: 1567: 1562: 1560:Angel investor 1556: 1554: 1548: 1547: 1545: 1544: 1539: 1534: 1529: 1524: 1519: 1513: 1511: 1502: 1496: 1495: 1493: 1492: 1487: 1482: 1477: 1472: 1467: 1461: 1459: 1453: 1452: 1450: 1449: 1444: 1439: 1434: 1429: 1424: 1423: 1422: 1411: 1409: 1405: 1404: 1397:Private equity 1395: 1393: 1392: 1385: 1378: 1370: 1364: 1363: 1356: 1355:External links 1353: 1350: 1349: 1325: 1301: 1275: 1250: 1225: 1192: 1167: 1142: 1117: 1092: 1068: 1029: 1005: 980: 952: 941:The Irish News 927: 902: 877: 852: 827: 800: 776: 764:Irish Examiner 749: 730:Brennan, Joe. 722: 698: 664: 623: 584: 558: 534: 510: 483: 456:Evans, Peter. 448: 421: 394: 393: 391: 388: 375:The historian 372: 369: 368: 367: 357: 350: 337: 334: 306: 303: 290: 287: 233:Stephen Welton 212:Sir Nigel Rudd 180: 177: 145: 144: 131: 127: 126: 123: 120: 117: 116: 113: 105: 104: 101:Stephen Welton 99:Andy Gregory, 97: 94: 91: 90: 68: 64: 63: 50: 46: 45: 40: 36: 35: 32: 28: 27: 13: 10: 9: 6: 4: 3: 2: 2001: 1990: 1987: 1985: 1982: 1980: 1977: 1975: 1972: 1970: 1967: 1965: 1962: 1961: 1959: 1944: 1936: 1934: 1926: 1924: 1916: 1914: 1906: 1904: 1896: 1894: 1886: 1884: 1876: 1875: 1872: 1866: 1863: 1861: 1858: 1856: 1853: 1851: 1848: 1846: 1843: 1841: 1838: 1836: 1833: 1831: 1828: 1826: 1823: 1821: 1818: 1816: 1813: 1811: 1808: 1806: 1803: 1801: 1798: 1796: 1793: 1791: 1788: 1786: 1783: 1781: 1778: 1777: 1775: 1769: 1763: 1760: 1758: 1755: 1753: 1750: 1748: 1745: 1743: 1740: 1738: 1735: 1733: 1730: 1728: 1725: 1723: 1720: 1718: 1717:Fund of funds 1715: 1713: 1710: 1708: 1707:Pension funds 1705: 1703: 1700: 1698: 1695: 1694: 1692: 1688: 1678: 1675: 1673: 1670: 1666: 1663: 1661: 1658: 1657: 1656: 1653: 1651: 1648: 1646: 1643: 1641: 1638: 1636: 1633: 1631: 1628: 1626: 1622: 1619: 1618: 1616: 1612: 1606: 1605:Venture round 1603: 1601: 1598: 1596: 1593: 1591: 1588: 1586: 1583: 1581: 1578: 1576: 1573: 1571: 1568: 1566: 1563: 1561: 1558: 1557: 1555: 1553: 1549: 1543: 1540: 1538: 1535: 1533: 1530: 1528: 1525: 1523: 1520: 1518: 1515: 1514: 1512: 1510: 1506: 1503: 1497: 1491: 1488: 1486: 1483: 1481: 1478: 1476: 1473: 1471: 1468: 1466: 1465:Early history 1463: 1462: 1460: 1458: 1454: 1448: 1445: 1443: 1440: 1438: 1435: 1433: 1430: 1428: 1425: 1421: 1418: 1417: 1416: 1413: 1412: 1410: 1406: 1402: 1398: 1391: 1386: 1384: 1379: 1377: 1372: 1371: 1368: 1362: 1359: 1358: 1354: 1339: 1335: 1329: 1326: 1315: 1311: 1305: 1302: 1291: 1290: 1285: 1279: 1276: 1264: 1263:BusinessCloud 1260: 1254: 1251: 1239: 1235: 1229: 1226: 1215: 1211: 1207: 1203: 1196: 1193: 1181: 1177: 1171: 1168: 1156: 1152: 1146: 1143: 1131: 1127: 1121: 1118: 1106: 1102: 1096: 1093: 1082: 1078: 1072: 1069: 1064: 1058: 1044: 1040: 1033: 1030: 1019: 1015: 1009: 1006: 994: 990: 984: 981: 973: 969: 962: 956: 953: 942: 938: 931: 928: 916: 912: 906: 903: 892: 888: 881: 878: 867: 863: 856: 853: 842: 838: 831: 828: 817: 816: 811: 804: 801: 790: 789:financialpost 786: 780: 777: 766: 765: 760: 753: 750: 739: 738: 733: 726: 723: 712: 708: 702: 699: 688: 684: 680: 679: 674: 668: 665: 660: 654: 640: 639: 634: 627: 624: 613: 609: 605: 601: 600: 595: 588: 585: 574: 573: 568: 562: 559: 548: 544: 538: 535: 524: 520: 514: 511: 499: 498: 493: 487: 484: 473: 469: 465: 464: 459: 452: 449: 438: 437: 432: 425: 422: 411: 410: 405: 399: 396: 389: 387: 384: 382: 378: 370: 365: 361: 358: 355: 351: 348: 344: 340: 339: 335: 333: 330: 327: 324: 321: 319: 315: 310: 304: 302: 298: 296: 288: 286: 284: 280: 276: 272: 268: 264: 260: 255: 253: 249: 245: 241: 236: 234: 230: 228: 224: 219: 217: 213: 208: 206: 202: 198: 194: 190: 186: 178: 176: 173: 171: 167: 161: 159: 155: 151: 142: 132: 128: 124: 118: 114: 111: 106: 102: 98: 92: 88: 84: 80: 76: 72: 69: 65: 51: 47: 44: 41: 37: 33: 29: 25: 20: 1865:Vintage year 1790:Capital call 1762:Crowdfunding 1697:Corporations 1600:Venture debt 1341:. Retrieved 1337: 1328: 1317:. Retrieved 1313: 1304: 1293:. Retrieved 1287: 1278: 1267:. Retrieved 1265:. 2020-11-23 1262: 1253: 1242:. Retrieved 1240:. 2012-05-01 1237: 1228: 1217:. Retrieved 1205: 1195: 1184:. Retrieved 1182:. 2012-01-06 1179: 1170: 1159:. Retrieved 1157:. 2020-11-02 1154: 1145: 1134:. Retrieved 1132:. 2015-12-07 1129: 1120: 1109:. Retrieved 1107:. 2019-08-06 1104: 1095: 1084:. Retrieved 1080: 1077:"What we do" 1071: 1046:. Retrieved 1042: 1032: 1021:. Retrieved 1017: 1008: 997:. Retrieved 995:. 2018-11-29 992: 983: 967: 955: 944:. Retrieved 940: 930: 919:. Retrieved 917:. 2013-01-23 914: 905: 894:. Retrieved 891:The Scotsman 890: 880: 869:. Retrieved 865: 855: 844:. Retrieved 841:The Scotsman 840: 830: 819:. Retrieved 813: 803: 792:. Retrieved 788: 779: 768:. Retrieved 762: 752: 741:. Retrieved 735: 725: 714:. Retrieved 710: 701: 690:. Retrieved 676: 667: 642:. Retrieved 636: 626: 615:. Retrieved 603: 597: 587: 576:. Retrieved 570: 561: 550:. Retrieved 546: 537: 526:. Retrieved 522: 519:"What we do" 513: 502:. Retrieved 500:. 2018-11-29 495: 486: 475:. Retrieved 461: 451: 440:. Retrieved 436:The Scotsman 434: 424: 413:. Retrieved 407: 398: 385: 374: 331: 328: 325: 322: 311: 308: 299: 292: 256: 237: 231: 220: 209: 182: 174: 162: 153: 149: 148: 110:Total assets 1727:Foundations 1650:Pledge fund 1442:Secondaries 1180:TBK Consult 737:Irish Times 318:HM Treasury 248:Ulster Bank 193:Lloyds Bank 79:Lloyds Bank 1958:Categories 1815:Envy ratio 1722:Endowments 1585:Seed money 1499:Terms and 1343:2021-02-22 1338:www.ft.com 1319:2021-02-22 1295:2021-02-22 1269:2021-02-22 1244:2021-02-22 1219:2021-02-22 1186:2021-02-22 1161:2021-02-22 1136:2021-02-22 1111:2021-02-22 1086:2021-02-22 1048:2021-02-22 1023:2021-02-22 999:2021-02-22 946:2021-02-22 921:2021-02-22 896:2022-10-14 871:2021-02-22 846:2022-10-14 821:2021-02-22 794:2021-02-22 770:2021-02-22 743:2021-02-22 716:2021-02-22 692:2021-02-22 644:2021-02-22 617:2022-10-14 606:(1): 1–7. 578:2021-02-22 552:2022-10-14 528:2022-10-14 504:2021-02-22 477:2021-02-22 442:2022-10-14 415:2021-02-22 390:References 289:Leadership 95:Key people 1785:Cap table 1690:Investors 1614:Structure 1432:Mezzanine 1420:Leveraged 1214:1357-0978 1057:cite news 687:0140-0460 678:The Times 653:cite news 472:0140-0460 463:The Times 360:M Squared 354:News Corp 1835:Leverage 1771:Related 1501:concepts 1289:Sky News 1238:BBC News 1206:Wired UK 993:BBC News 972:Archived 497:BBC News 283:ANZ Bank 267:Manulife 185:Barclays 71:Barclays 67:Founders 39:Industry 31:Formerly 1845:M&A 1552:Venture 1457:History 1427:Venture 1043:Reuters 638:Reuters 347:unicorn 275:Westpac 179:History 130:Website 57: ( 49:Founded 1810:EBITDA 1509:Buyout 1437:Growth 1415:Buyout 1212:  1155:CityAM 968:GOV.UK 685:  547:GOV.UK 470:  409:GOV.UK 343:Gousto 166:London 115:ÂŁ2.5bn 1989:Funds 1625:funds 1490:2020s 1485:2010s 1480:2000s 1475:1990s 1470:1980s 975:(PDF) 964:(PDF) 860:BGF. 1677:SPAC 1623:and 1580:SAFE 1399:and 1210:ISSN 1063:link 683:ISSN 659:link 468:ISSN 281:and 265:and 199:and 189:HSBC 168:and 137:.bgf 89:bank 85:and 75:HSBC 59:2011 52:2011 1850:PME 1830:IRR 1825:IPO 1780:AUM 1314:BGF 1081:BGF 608:doi 604:118 523:BGF 381:PwC 240:AIB 141:.uk 139:.co 135:www 17:BGF 1960:: 1336:. 1312:. 1286:. 1261:. 1236:. 1208:. 1204:. 1178:. 1153:. 1128:. 1103:. 1079:. 1059:}} 1055:{{ 1041:. 1016:. 991:. 970:. 966:. 939:. 913:. 889:. 864:. 839:. 812:. 787:. 761:. 734:. 709:. 681:. 675:. 655:}} 651:{{ 635:. 602:. 596:. 569:. 545:. 521:. 494:. 466:. 460:. 433:. 406:. 285:. 277:, 273:, 261:, 250:, 246:, 242:, 227:3i 218:. 207:. 195:, 191:, 187:, 172:. 81:, 77:, 73:, 1389:e 1382:t 1375:v 1346:. 1322:. 1298:. 1272:. 1247:. 1222:. 1189:. 1164:. 1139:. 1114:. 1089:. 1065:) 1051:. 1026:. 1002:. 949:. 924:. 899:. 874:. 849:. 824:. 797:. 773:. 746:. 719:. 695:. 661:) 647:. 620:. 610:: 581:. 555:. 531:. 507:. 480:. 445:. 418:. 61:)

Index


Venture capital
Barclays
HSBC
Lloyds Bank
Royal Bank of Scotland
Standard Chartered
Stephen Welton
Total assets
www.bgf.co.uk
venture capital
London
South East England
Barclays
HSBC
Lloyds Bank
Royal Bank of Scotland
Standard Chartered
2008 financial crisis
Sir Nigel Rudd
Macmillan Committee
Bank of England
3i
Stephen Welton
AIB
Bank of Ireland
Ulster Bank
the Ireland Strategic Investment Fund
Royal Bank of Canada
Toronto-Dominion Bank

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.

↑