ECF Growth Fund
In May 2008, we closed a £30m, ten year LLP Enterprise Capital
Fund (ECF). The government is a cornerstone investor in this
fund.
These growing funds invest together and are
underpinned by a £30 million Enterprise Capital Fund (ECF)
which
invests alongside them in EIS qualifying deals. MMC
believes that co-investment benefits all MMC investors:
investors in the managed funds enjoy the mentor
capital that the Syndicate offers, while increased funds
under management boost MMC's proprietary deal
flow.
Co-investment strategy
The ECF Growth Fund underpins our EIS
qualifying investments. This fund invests alongside our other
funds; in EIS qualifying deals the ratio is 60% from the ECF and
40% from our other products including our EIS Funds and Syndicate.
MMC believes that co-investment benefits all
MMC investors: investors in the managed funds enjoy the mentor
capital that the Syndicate offers, while increased funds under
management boost MMC's proprietary deal flow.
