British Business Investments announces £50m commitment to Apera Asset

By Megha Bhattacharya

British Business Investments, a commercial subsidiary of the British Business Bank, announced a £50 million commitment to private credit provider Apera Asset Management. The investment will be deployed through a Separate Managed Account (SMA), enabling the company to take a tailored approach and invest in UK companies only.

Judith Hartley, CEO, British Business Investments, said, “At British Business Investments, our mission is to increase the overall supply and diversity of finance for smaller businesses across the UK. By supporting private capital providers such as Apera, we can continue to help growing companies across the UK, to access the capital they need to grow.”

Apera specialises in providing private capital solutions to high-growth businesses. The Apera team has over 100 years’ combined experience in the private debt markets and has cumulatively invested more than €3.5 billion in over 150 transactions across Europe.

David Wilmot, Partner at Apera Asset Management said, “We are delighted that British Business Investments has agreed to support Apera in our financing of smaller UK companies. We look forward to our co-operation with British Business Investments and to utilising Apera’s network in assisting UK businesses and their management teams in realising their development objectives”.

Recently,Deepbridge Capital, the UK venture capital investment manager, announced that it has secured a £15m commitment from the company to fund early-stage businesses across the UK. This £15 million commitment from its Regional Angels Programme, which is designed to reduce regional imbalances in access to early-stage equity finance for smaller businesses across the UK, will be invested alongside Deepbridge’s own funding over the next three years.