Managed Funds

Midven manages five funds, four of which provide funding to fast-growing SMEs in the Midlands and the fifth being the Rainbow Seed Fund.

The HSBC Enterprise Fund

The HSBC Enterprise Fund for the Midlands is a £6.4m fund with funding mainly provided by HSBC and the European Investment Bank. The fund has invested in 39 Midlands based companies. Since 1996, according to BVCA data, its performance puts the fund in the top 10% of all funds established at that time.

The Advantage Growth Fund

The Advantage Growth Fund is a £17.5m fund established in 2003, with funding from the then Department of Trade & Industry, the European Investment Fund, Barclays Bank, Royal Bank of Scotland, HSBC, and the Universities of Warwick, Coventry, Aston, Birmingham and Central England. It has invested in 46 companies and achieved a number of high profile exits to date.

The Early Advantage Fund

The Early Advantage Fund is an £8m fund launched in December 2009, set up to invest in high growth companies which has invested predominantly in high technology companies and is funded by the Department for Business Innovation and Skills and the European Regional Development Fund (ERDF). As at 31 December 2012 it had supported 26 companies.

The Exceed Midlands Advantage Fund

The Exceed Midlands Advantage Fund is an £18.4m fund supporting growing businesses across the West Midlands, established in March 2010 with funding from Lloyds Development Capital (LDC), the Department for Business Innovation and Skills and the European Regional Development Fund (ERDF). As at 31 December 2012 the Fund had invested in 20 companies.