Noble closes second venture finance fund

Noble Fund Managers has held the final close of its second venture finance fund, Noble Venture Finance II LP (NVF II). The fund has reached its target of £100m with all the investors in NVF I participating again in NVF II. Arch Group, a London based financial services group, was a major new investor.

NVF II provides debt and working capital between EUR1-10m to early-stage companies in Europe. The fund has already committed £27m in 13 loans to eight new companies.

Nobel Venture Finance is part of Noble Fund Managers and a venture debt provider in Europe.

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