British Business Investments commits €75m to Isomer II

Katharine Hidalgo
04 September 2020

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British Business Investments has made a €75m commitment to fund-of-funds Isomer Capital II.

This is the fourth commitment from the commercial subsidiary of the British Business Bank through its £500m Managed Funds Programme.

Launched in 2018, the programme is designed to address the patient capital funding gap in the UK and targets a commercial rate of return.

Isomer II will be targeted at early-stage venture capital managers across Europe that invest primarily in early-stage technology companies. The fund will also pursue a co-investment strategy, investing alongside its fund managers, with additional capital made available for high-growth companies from the underlying portfolio.

The fund was registered in March 2020. Existing and new institutional partners from Europe, Japan and the US have also invested.

Isomer II follows the same investment strategy as its predecessor, which has diversified exposure to more than 600 technology companies in 30 countries, according to a statement.