Background & Institutional Funds

Background

In January 2016, Mercia Fund Management celebrated its eight Annual General Meeting, and took time to reflect on the company's achievements so far.

However, we haven't stopped there! In the past few months Mercia has seen some exciting developments. From a tiny office in Birmingham, to six offices across the Midlands, the North and Scotland, click here to see how the Group has grown:

1982: WM Enterprise Limited ("WME") was established in 1982 as a venture capital provider.

2000: WME launched a £4 million evergreen seed fund providing support and capital to spinouts from the Universities of Birmingham and Warwick.

2006: MFM expanded university partnerships to eight.

2007: Forward Group established a collaboration with WME on the basis of their common interest in supporting and investing in the UK’s leading university spinouts.

2010: Management buyout led to the creation of the third party fund manager Mercia Fund Management.

2012:  Forward Group became a shareholder in MFM and MFM launched the full funding model of early stage investment from third party funds to follow-on direct investment from the balance sheet (the Complete Capital Solution).

2012: MFM raised the first hybrid Enterprise Investment Scheme (EIS) and Seed EIS (SEIS) fund to come onto the market.

2013: MFM relocated from Birmingham to Forward House in Henley-in-Arden (West Midlands).

2013: MFM increased the number of university partnerships to nine across the Midlands, with £22m under management through third party funds.

2014: Mercia Technologies PLC listed on AIM, raising £70m. MFM became the wholly-owned subsidiary of Mercia Technologies, providing Mercia with a “Complete Capital Solution” for technology businesses.

2015: Mercia opened an office in Edinburgh. It also began Scottish partnerships with the University of Strathclyde and Abertay University, as well as three partnerships across the North of England with the Universities of York, Liverpool and Liverpool John Moores University, taking its universities to 14.

2016: Mercia acquired Enterprise Ventures Group Limited, creating a go-to provider of early stage & growth capital in the Midlands, the North of England and Scotland operating from six regional offices.

Institutional Fund Investors

In addition to private investors, we have a broad range of both public and private-sector organisations who invest in Mercia's institutional funds.  Each organisation has invested on purely commercial terms and expects returns typical of venture capital.  Many of the universities with which we are partnered have also chosen to invest in our institutional evergreen fund.

 

Mercia News