Manager:
YFM Equity Partners
Funds under Management:
£415m
About the manager:
YFM Equity Partners ("YFM") is a specialist, independent private equity investor with over 40 years of experience, focused on supporting small UK businesses through their next phase of growth. YFM provides up to £15m in equity to help established businesses pursue strategic initiatives such as launching new products, making acquisitions, and upgrading technologies. The firm is dedicated to creating long-term value for its investors and portfolio companies while positively impacting the communities in which it operates. With a large, knowledgeable, and expanding regional UK team, YFM has been managing the British Smaller Companies (BSC) VCTs for over 25 years, making it one of the longest-standing managers in the VCT space. The BSC VCTs are consistently among the top performers among Generalist VCTs, with a robust 10-year track record.
Investment focus:
The British Smaller Companies VCTs primarily invest in innovative businesses across both established and emerging industries. While headquartered in the UK, many of the portfolio companies have international expansion ambitions. The VCTs share a focused investment strategy, with a particular emphasis on technology companies, especially those in data, tech-enabled services, and new media. Notable investments include Matillion, a data transformation company that became the sixth VCT-backed unicorn in September 2021 and remains the largest holding in both VCTs.