British Business Bank commits $100m to M&G Catalyst growth fund
British Business Bank has announced a $100 million commitment to the M&G Catalyst Growth Equity Fund. The bank says the fund is expected to direct around 20% of its capital towards British companies.
Issued by British Business Bank, United Kingdom ยท
British Business Bank says it has made a $100 million commitment to the M&G Catalyst Growth Equity Fund, joining a $900 million first close alongside other institutional investors.
The bank says the fund is intended to expand long-term capital for innovative businesses. Its investment themes include climate, health, financial inclusion and infrastructure, with around 20% of capital expected to go to British companies.
The 11 November announcement builds on earlier collaboration between the bank and M&G. The anticipated UK allocation is a fund expectation, rather than confirmation that all of that capital has already reached businesses.
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