£30m Government Mandate
In April 2009, Maven was appointed as one of joint managers of the £75 million Capital for Enterprise Fund (CfE), which is part of the Real Help for Business programme introduced by the Government to help bridge the current funding gap that many UK small to medium enterprises are experiencing as a result of the credit crisis.It was announced that £60 million from the CfE Fund would be allocated to two separate £30 million funds, managed by experienced professional fund managers, Octopus Investments and Maven Capital Partners (formerly Aberdeen Asset Managers Private Equity). A further £15 million is being managed as a co-investment fund by Capital for Enterprise Fund Managers.
Maven manages Capital for Enterprise Fund A, which provides mezzanine funding of up to £2 million for businesses with viable business models and growth potential and requiring growth capital, but which are constrained by over-gearing or the need to repay bank debt. Maven investment executives support this fund from our network of five regional offices in Aberdeen, Birmingham, Glasgow, London and Manchester, and Maven has already led 11 CfE investments, some of which can be viewed here
