Longwall Ventures launches £40m tech fund

Anneken Tappe
20 November 2012

Tweet
Facebook
LinkedIn
Google plus
Send to

Longwall Ventures has launched its second fund, Longwall Ventures Enterprise Capital Fund (ECF), targeting £40m for investments in UK science and technology companies.

The fund has been set up in conjunction with Capital For Enterprise Ltd (CfEL), the UK government's fund-of-funds business. It is CfEL's 12th fund.

Investors
The vehicle received £25m from the UK government, while the remaining £15m was sourced from institutional investors and private individuals from the UK.

Investments
Longwall Ventures ECF will invest in science, technology and engineering-focused SMEs across the UK. The fund intends to invest in 15-20 companies over the course of the coming 3-5 years.

People
Partner Michael Penington will manage the fund on behalf of Longwall. Rory Earley is CEO of CfEL.

Tweet
Facebook
LinkedIn
Google plus
Send to

Funds

Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

05 September 2023

Buyouts

Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

04 September 2023

Exits

Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

04 September 2023

Investments

Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

04 September 2023