Manchester gets a BOOST as asset manager opens North West office

The UK-based independent asset manager BOOST&Co is expanding to the North of England, opening a new office in central Manchester to serve the region’s growing economy.

The company’s presence in the city, providing growth capital to fast-growing and high-tech SMEs, will be hugely beneficial to the local economy, says partner Lance Mysyrowicz.

“We have invested successfully in great SMEs around Manchester during the past few years. Opening an office in the city will help us to build on the local relationships we have created,” he said.

“We are sure that BOOST&Co will find even more great companies in the region, and we aim to service them ever better from this new base.”

BOOST&Co Manchester will build on the company’s successful recent investments in local SMEs, such as ProofID, which provides identity and access management solutions, and Purple WiFi.

It also reinforces the lender’s ability to grow its portfolio companies in Greater Manchester.

BOOST&Co says it lends more and earlier than the banks, offering loans ranging from £2m to £10m.

It has a strong track record in software, medtech, adtech, internet and life sciences, but its venture debt and invoice financing products are available to businesses in all sectors.

The company sources, executes and monitors deals in Northern England from its Manchester office, which is also home to its finance and HR functions.

It will soon be joined by regional offices in Bristol and Cambridge, with another UK outpost expected to open by the end of 2019.

BOOST&Co Manchester is led by principal Ryan Sorby, who recently joined from Lloyds to lead the company’s development in the region.

Chief financial officer, Edd Hatfield, has moved to the office after four years at BOOST&Co’s London base.

Olivia Field leads the HR and recruitment department, and Charlotte Boreham joins as digital communications executive.