3 November 2022
Foresters Friendly continues with its alternative investment strategy
- Foresters participates in the launch of the Hambro Perks Growth Debt Fund.
- This investment will establish Foresters’ presence in some of the most vibrant sectors of the UK economy and will sit alongside a wide spectrum of innovative investment strategies that we have deployed in support of our members’ own financial plans and to the benefit of the wider community.
Hambro Perks, a London-headquartered international investment firm focussed on technology investing, has announced the first close of the £100m Hambro Perks Growth Debt Fund. The launch of the Fund comes after several years of strong growth by Hambro Perks, which has seen the raising and deployment of several new funds. Their investment team is made up of an experienced team of industry professionals with a long track record in European venture debt.
The new Fund will support UK and European high growth scale-up companies with non-dilutive growth capital, with a focus on B2B SaaS and patented hardware companies.
A number of high-profile investors have committed capital to the fund such as British Business Investments and Foresters Friendly Society.
Dominic Perks, Co-founder and Chief Executive of Hambro Perks, said: “Following a period of strong and sustained growth by Hambro Perks, establishing a new venture debt franchise and launching our first fund is the obvious next step for the firm. Feedback from our investors and entrepreneurs alike is that venture debt is an underserved market within the UK and Europe, so we believe the new fund will hugely benefit the UK start-up ecosystem. We are grateful for the show of support from our investors and look forward to updating the market on the fund’s progress in due course.”
David Hayers Head of Hambro Perks Growth Debt, said: “The growing market presents a strong opportunity for investors, especially in the current venture landscape. The new Fund will enable management teams and existing investors to accelerate growth without needing to commit more capital or introduce new investors. The fund is also a good hedge against inflation and the more cautious equity investment environment.”
Corrado Pistarino, Chief Investment Officer, Foresters Friendly Society, said: “We are delighted to participate in the launch of the Hambro Perks Growth Debt Fund. This investment will establish Foresters’ presence in some of the most vibrant sectors of the UK economy and will sit alongside a wide spectrum of innovative investment strategies that we have deployed in support of our members’ own financial plans and to the benefit of the wider community.”