BGF was set up in May 2011 to fill a gap in the funding market for Britain’s smaller and mid-sized companies. Since then it has invested nearly £1bn across more than 140 companies, making BGF the UK’s most active provider of growth capital.
BGF is the UK’s most active investor in small and medium-sized companies. The fund supports a range of growing companies – early stage, growth stage and quoted – across every region and sector of the economy.
It operates by making long-term equity capital investments using a flexible £2.5bn evergreen balance sheet to provide growing companies with long-term and patient capital in return for a minority stake ranging from 10-40%. Typical investments are between £2m-£10m – and more in subsequent rounds – and BGF uses a number of flexible investment structures involving a mix of equity and unsecured loan notes. BGF Ventures invests between £1m – £10m into earlier stage investments, primarily with a technology focus. BGF Quoted focuses on investing in smaller AIM-listed businesses, complementing traditional quoted fund managers by providing long-term capital not readily available on the market.
BGF provides support through ten offices spread across the UK and Ireland. A large board-level network of senior executives provides advice to investees.
The BGF Talent Network team helps portfolio companies to identify and recruit boardroom hires. More than 150 new appointments have been made this way. Over 35,000 people are employed by BGF portfolio companies and more than 50 portfolio companies are successful exporters, with around 10% having export-led strategies.
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