YFM hands over control of North West Fund operations
YFM Equity Partners will hand over control of The North West Fund for Development Capital (NWFDC) later this year, in order to focus on the management of its VCTs and institutional funds investing in the region.
The GP will continue to manage the existing portfolio of NWFDC and the pipeline of potential new investments until a new fund manager is found.
The vehicle is a sub-fund of the North West Fund, which is jointly financed by the European Regional Development Fund and the European Investment Bank. The fund backs businesses in the North West across all stages of development with capital injections of £100,000-2m.
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