British Business Bank subsidiary confirms €75m cornerstone commitment

The UK-based development bank has backed a Europe-focused venture capital fund.

Institution: British Business Bank
Headquarters: Sheffield, UK
AUM: £2 billion

British Business Investments, the commercial subsidiary of British Business Bank, has committed €75 million to Isomer Capital II, according to a recent press release by the UK government-owned development bank.

Isomer Capital II is the firm’s second venture capital-focused fund of funds, with the investment target being early-stage fund managers whose capital focuses on European tech companies.

As illustrated below, British Business Bank tends to focus its private equity fund commitments on venture capital and growth equity vehicles targeting investments in Western Europe.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.