Barclays Ventures and Invex Capital have sold their equity stakes in Integral UK Ltd to the existing management team, in a deal valuing the business at £40m. The exit will generate an IRR in excess of 245%.
Anna Morrison joins from IFM Investors, where she managed the firm's fund-of-funds programme
Fund's predecessor, Isomer Capital Fund, closed on €150m in February 2016
Funding will be used to hire more staff, support product development and meet customer demand
True Core VII provides seed and early-stage capital, while True Select IV provides follow-on capital