1st April 2020, London: British Patient Capital, a subsidiary of the British Business Bank, announces today that it committed £30m to Active Partners’ third fund. Active Partners III closed at £100m and invests primarily in founder-led, growth-stage companies, supporting their expansion.
Spencer Skinner, Managing Partner, Active Partners, said: “We work with exceptional, innovative founders, who consistently deliver. We get excited by brands people shout about led by passionate teams with vision and energy. We’re thrilled to support these businesses and proud to count British Patient Capital as one of our LPs.”
Catherine Lewis La Torre, CEO, British Patient Capital, said: “Our mission is to enable long-term investment in innovative companies across the UK, led by ambitious entrepreneurs who want to build successful world-class businesses. “The Active Partners team has backed some of the UK’s most innovative brands with capital and market expertise. With that experience we are confident that the team are well placed to provide the patient long-term support these companies need.”
About British Patient Capital
British Patient Capital is the trading name of British Patient Capital Limited, a wholly-owned commercial subsidiary of British Business Bank plc, the UK government’s economic development bank. It forms part of the British Business Bank’s commercial arm. Its mission is to enable long-term investment in innovative firms led by ambitious entrepreneurs who want to build large scale businesses.
British Patient Capital has been given new resources of £2.5bn and will deliver a programme designed to support high growth potential innovative UK businesses in accessing the long-term financing they require to scale up. Find out more at britishpatientcapital.co.uk.
British Business Bank plc and its principal operating subsidiaries are not banking institutions and do not operate as such. Neither British Business Bank nor its principal operating subsidiaries are authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for British Business Bank plc and its subsidiaries can be found on the British Business Bank plc websiteLink opens in a new window.
British Patient Capital makes commitments and invests on its own behalf and on behalf of third-party investors whose investments British Patient Capital manages. The investment from British Patient Capital into Active Partners III does not amount to any endorsement or warranty from British Patient Capital, the British Business Bank PLC, or the government of the UK.
About Active Partners
Founded in 2004, Active Partners invests in world-class consumer brands, partnering with passionate, innovative founders to build iconic global businesses. Active Partners takes a specialist approach to funding authentic challenger and high-growth sub-sector brands. The firm has invested in a number of hugely successful businesses, including Caravan, CHIK’N, Context, Cubitts, Evans Cycles, Finisterre, The Fold, Honest Burgers, LEON, Northern Monk, Rapha, Secret Cinema, Soho House, Taylor & Hart, TravelLocal and WhoCanFixMyCar.com. For more information, visit the Active Partners website at https://active.partners/Link opens in a new window