Panoramic Enterprise Capital Fund 1 closed in March 2010 and was oversubscribed at £34m. The fund could provide up to £3.5m into UK SMEs seeking growth capital. It invested in 9 businesses and has achieved 5 successful exits to date.
Fund 1 was raised with the support of the Enterprise Capital Funds programme, run by the British Business Bank. We track certain metrics as part of our internal process and as we head towards the final stages of the fund life thought it would be a good opportunity to share a few statistics on the combined portfolio since we made the investments:
These statistics are ultimately down to the hard work and dedication of management teams we back. It also hopefully positively reflects the impact of institutionally backed private equity capital into the real economy. Thanks to all our portfolio companies for making this happen!