Investment specialist enjoys strong start to the year
Investment specialists Seneca Partners says it has enjoyed a strong start to the new financial year.
The firm, which is based in Haydock in Liverpool, has invested in more than 42 SMEs and boasts over £50m of growth capital funds under its management.
These latest deals include growth capital transactions across a variety of sectors, including fintech, e-commerce, telecoms and healthcare.
Investment Director John Davies said “The recent growth capital investments transacted by Seneca demonstrate the wide range of businesses we are able to support, as well as the flexible approach we take into these investments.
“Having spent time to get to know the businesses and founders, we are able to structure funding packages that work for all parties, and provide support for management teams going forward.”
He added: “This investment expertise is of particular relevance in view of recent changes in VCT legislation, which has restricted the ability of VCTs to finance management buy-outs and acquisitions.
“Whilst this is a shift in investment strategy for many VCT managers, through the management of the Seneca EIS Growth Capital Fund and the Seneca EIS Portfolio Service, where funds under management now exceed £50 million, Seneca has extensive experience of managing growth capital investments of the nature now being targeted by other VCT managers under their revised investment strategies.
“ We are looking forward to replicating this investment approachwith our new VCT offering.”
Seneca Partners offers funding and advice to small and medium sized businesses.”
The Seneca group of companies now has in excess of £700 million assets under management.
Seneca is made up of senior accountants, bankers, stockbrokers and investment and fund management specialists providing investment and corporate advisory services to UK based businesses, individuals, entrepreneurs, charities and trusts.
