In a move to bolster the growth of small and medium-sized enterprises (SMEs) in the UK, London-based IW Capital has announced the launch of a new growth fund. The fund, which will invest tens of millions of pounds in businesses with high-growth potential, comes on the back of a management buyout that sees Tariq Attia appointed as the new chief executive and Alan Armstrong as chairman.

A New Era for IW Capital

The launch of the new growth fund marks a significant milestone for IW Capital, which has been supporting UK SMEs since its inception in 2011. With over £150m assets under management across a range of industries, the firm has demonstrated a strong track record of backing businesses with experienced management teams that are addressing long-term shifts in societal trends. According to Attia, 2023 has been the "most active year to date" for the firm, highlighting its resilience in an economically challenging time.

Supporting High-Growth Potential

The new growth fund will focus on investing in businesses with high-growth potential across various sectors, including those with innovative technologies, environmental impacts, and education. This will enable IW Capital to write larger cheques to support businesses that are driving growth and innovation in the UK. As Attia noted, "Since its foundation in 2011, IW Capital has demonstrated a strong track record of backing brilliant businesses with experienced management teams who are addressing long-term shifts in societal trends."

A Commitment to Supporting UK SMEs

The launch of the new growth fund is a testament to IW Capital's commitment to supporting UK SMEs, which are a core driver of employment and GDP. As Armstrong pointed out, "UK SMEs are a core driver of employment and GDP and we pride ourselves on being an active, supportive partner." The firm's approach is centered around providing businesses with the support they need to realize their potential, through engagement, commercial acumen, and network introductions.

Investment Opportunities

For investors, the new growth fund offers access to opportunities that would otherwise be the domain of larger private equity houses. As Armstrong noted, "For our investors, this means access to opportunities which would otherwise be the domain of larger private equity houses." This is particularly significant in the current economic climate, where access to funding can be a major challenge for SMEs.

Recent Investments

IW Capital has recently invested in Impact Recycling and healthcare firm GPDQ, demonstrating its commitment to supporting businesses that are driving growth and innovation in the UK. These investments are a testament to the firm's ability to identify and support businesses with high-growth potential.

The launch of IW Capital's new growth fund is a significant development for UK SMEs, offering access to tens of millions of pounds in funding to support growth and innovation. With its strong track record of backing brilliant businesses and its commitment to supporting UK SMEs, IW Capital is well-positioned to make a positive impact on the UK economy. As the firm looks to the future, it is clear that its new growth fund will play a key role in supporting the growth and success of UK SMEs.