(L-R) Head of Equity Dave Furlong, Head of Debt John Gray, CEO Mark Borzomato and Marketing Manager Ethan Dent
Press Release:
River Capital, one of the North West’s leading fund managers, has solidified its regional presence having announced the opening of a new office in Manchester.
The expansion of the business, who’s head office remains in Liverpool, into the Bruntwood BLOC building on Marble Street reflects the expanding portfolio of funds now being managed by River Capital as it looks to support SMEs across the North West with its blend of debt, venture and equity offerings.
The expansion follows the substantial £10 million investment from the Greater Manchester Pension Fund, delivered by TDC, that has bolstered River Capital’s highly successful North West Business Growth Loan offering, though the new office will serve as a hub for the entire portfolio of River Capital’s expanding funds, including the North West Private Equity Fund, and its evergreen EIS fund, fund:AI – the North’s first dedicated artificial intelligence investment fund.
River Capital can now offer debt, venture and equity packages from £25,000 to £2m across the North West with a local presence. As a result of River Capital’s product expansion across the North-West the business is continuing to invest in its workforce, which is currently 25.
“We are delighted to announce the opening of our Manchester office, which represents a landmark moment for River Capital, and underpins our commitment to support the wider North West business base” said Mark Borzomato CEO of River Capital.
“With the increased variety of funds managed which now total over £100m we are keen to build on our track record obtained over the past 25 years and fuel the ambitions of more of the region’s SMEs.
The new office in Manchester perfectly complements our Liverpool office and will enable us to work more closely with local entrepreneurs, advisors and investors across a broader geographic landscape providing not just capital, but also the hands-on support and expertise needed to drive sustainable growth.”
“In addition to the new Manchester office and following the success of securing the British Business Banks Northern Powerhouse Investment Fund II Smaller Loans Fund, we have also increased our presence in Lancashire and Cumbria with the opening of satellite hubs in Preston and Kendal, which again will provide the local business community with access to our full array of funding solutions.”
For more information about River Capital, its funds, and investment opportunities, please visit www.rivercapitaluk.com
ENDS