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The Capital Fund wins Regional Venture Capital Fund of the Year Award


The Capital Fund is celebrating after being named Regional Venture Capital Fund of the Year in the prestigious Investor Allstars Awards held at the Royal Lancaster Hotel, London, this week. The Investor Allstars Awards showcase talent within the venture capital community and the Awards Evening is a highlight of the business calendar, attracting over 500 representatives from investment firms across Europe.

The Capital Fund, a £50 million venture capital fund which backs fast-growing, small and medium-sized enterprises in Greater London, was chosen to win the Award from a shortlist that included the East Midlands Regional Venture Capital Fund and the North West Equity Fund.

The Judging Panel for Investor Allstars praised the strong track record established by The Capital Fund in just a few years and the innovative process it has developed to handle a large volume of deal flow. Since its launch in 2002, the Fund has invested in 28 high growth potential companies in the boroughs of London and the City, ranging from a leading provider of diagnostic services for HIV clinics to a rapidly growing children’s shoe store chain.

The Judges also highlighted the exits achieved by the Fund, which became the first regional venture capital fund to achieve a profitable exit when UK Explorer, an investee company that provides wired and wireless internet access solutions for hotels and airports, was acquired by Spectrum Interactive Ltd. Another portfolio company, Avanti Screen Media, raised £3m at its initial AIM quotation within seven months of the Fund’s first investment. Avanti provides satellite telecommunications and associated consultancy services to UK corporates.

The Award was presented to Geoff Sankey, The Capital Fund’s Managing Director. Mr Sankey commented: “We are absolutely delighted to have won this prestigious Award against strong competition from other regional venture capital funds. We aim to provide companies with the vital risk capital they need to grow, and we invest in a diverse range of businesses, often alongside other funds or private investors. As well as providing funding, we can help the investee companies with management input through non-executive directors, and introductions to relevant contacts.

We have enjoyed an excellent year in 2005, with high quality deal flow, and we look forward to helping more promising companies secure the business development finance they need during 2006.”

PHOTO AVAILABLE ON REQUEST
L-R: Geoff Sankey, Managing Director of The Capital Fund, accepts the Regional Venture Capital Fund of the Year Award at the Investor Allstars Awards 2005 Evening from Jon Mainwaring, Editor of Free Radicals technology newsletter.

EDITORS NOTES
Press enquiries to Margaret Henry, PR Manager, The Capital Fund
Tel: +44 (0) 1865 811199 Email: m.henry@oxin.co.uk

1. ABOUT THE CAPITAL FUND
Launched in 2002, The Capital Fund is a £50 million venture capital fund which backs fast-growing, small and medium-sized enterprises in Greater London. To date the Fund has made 28 investments in London-based companies. Initial investments can be up to £250,000 and the Fund can invest a further £250,000 after six months or more. In some circumstances, alongside other new investors, the Fund can follow on its investments with up to £5m in total in a single company. The Capital Fund is the largest of the nine Regional Venture Capital Funds and has a mixture of public and private sector investors. For further information: www.thecapitalfund.co.uk

The Capital Fund is managed by YFM Venture Finance Limited, which is authorised and regulated by the Financial Services Authority and part of the YFM Group. The YFM Group provides investment capital and business development services to SMEs throughout the UK. It currently has £250m in funds and consultancy contracts under management, with over 70 employees. For further information: www.yfmgroup.co.uk


2. ABOUT THE INVESTOR ALLSTARS<


Publisher Contact Information:

The Capital Fund
+44 (0)1865 811199
m.henry@oxin.co.uk

Company profile of The Capital Fund
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