Mercia Asset Management, a specialist asset manager with around £1.4 billion of assets under management, has announced the continued inflows into its existing managed funds and successful new fund raises totaling around £80 million.

The recent inflows into Mercia’s managed funds included £30 million raised for Frontier Development Capital’s Debt LP fund, £18 million raised by the Northern Venture Capital Trusts, and £13.6 million raised by Mercia’s latest Knowledge-intensive Impact Enterprise Investment Scheme fund.

In addition, the Mercia-managed Northern Powerhouse Investment Fund received an additional £10.3 million of equity allocation from the British Business Bank, and the Midlands Engine Investment Proof-of-Concept Fund received an additional £8.5 million of equity allocation from the British Business Bank.

As of March 31, 2023, Mercia had £37.8 million of unrestricted cash on its balance sheet and no debt. The group also continues to have significant liquidity within its managed funds to support both existing and new investee companies.

Dr. Mark Payton, CEO of Mercia Asset Management, said that these new inflows highlight the strength of the Mercia model and the investor confidence they have built through their investment track record.

He also expressed his pleasure at seeing FDC making a positive impact following its successful integration into the Group.

As a debt-free Group, Mercia is in a robust position to support its existing portfolio companies and identify new opportunities as it builds on its position as a leading, regionally-based partner of choice for ambitious entrepreneurs.

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