Mercia Asset Management PLC Mercia's EIS Funds raise c.GBP20million
12 May 2022 - 4:02PM
RNS Non-Regulatory
TIDMMERC
Mercia Asset Management PLC
12 May 2022
RNS Reach 12 May 2022
Mercia Asset Management PLC
("Mercia", the "Group" or the "Company")
Mercia's EIS Funds raise c.GBP20million
Mercia Asset Management PLC (AIM: MERC), the proactive,
regionally focused specialist asset manager with c.GBP948million of
assets under management ("AuM"), is pleased to note that its first
Knowledge-Intensive ("KI") and annual Enterprise Investment Scheme
("EIS") funds have raised a combined total of c.GBP20million in new
capital during the last year.
The specialist KI fund will invest in high-growth businesses
that generate a positive impact, as outlined by the United Nations'
sustainable development goals.
As one of the UK's leading providers of both EIS and Venture
Capital Trust ("VCT") investment capital, these successful fund
raises, together with the GBP40.0million recently raised by the
Northern VCTs, means that Mercia has raised over GBP60million in
new funds from individual investors during the last year.
Mark Payton, CEO of Mercia, commented : "As an exclusively
national investor, focused on delivering capital and support to the
UK regions, responsible investment is at our core. More broadly,
Environmental, Social and Governance issues are quite rightly an
increasingly important driver of investor decision making. We're
therefore delighted to have raised our first Knowledge-Intensive
fund that will capitalise on our experience of successfully
investing in purpose-led regional SMEs . More broadly, raising over
GBP60million in new funds from individual investors during the last
year is testament to how our increasingly successful track record
of delivering attractive realisations is supporting Mercia's
strategy of scaling its assets under management ."
-Ends-
For further information, please contact:
Mercia Asset Management PLC
Mark Payton, Chief Executive Officer
Martin Glanfield, Chief Financial Officer +44 (0)330 223
www.mercia.co.uk 1430
Canaccord Genuity Limited (NOMAD and Joint +44 (0)20 7523
Broker) 8000
Simon Bridges, Andrew Potts
+44 (0)20 7496
Singer Capital Markets (Joint Broker) 3000
Harry Gooden, James Moat
+44 (0)20 3727
FTI Consulting 1051
Tom Blackwell, Immy Ransom
mercia@fticonsulting.com
About Mercia Asset Management PLC
Mercia is a proactive, specialist asset manager focused on
supporting regional SMEs to achieve their growth aspirations.
Mercia provides capital across its four asset classes of venture,
private equity, debt and proprietary capital: the Group's 'Complete
Connected Capital'. The Group initially nurtures businesses via its
third-party funds under management, then over time Mercia can
provide further funding to the most promising companies, by
deploying direct investment follow-on capital from its own balance
sheet.
The Group has a strong UK footprint through its regional
offices, 19 university partnerships and extensive personal
networks, providing it with access to high-quality deal flow.
Mercia currently has c.GBP948million of assets under management
and, since its IPO in December 2014, has invested c.GBP116million
gross into its direct investment portfolio.
Mercia Asset Management PLC is quoted on AIM with the EPIC
"MERC".
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