ISIS to open in Manchester

The UK venture capital provider has appointed Pete Clarke to help with the firm’s investment effort in the north of England.

ISIS Capital, the late-stage venture capital provider, is growing its presence in the North of England and has appointed Pete Clarke to co-ordinate the firm’s investments in the North of England. Clarke, who becomes a director, joins from Aberdeen Murray Johnstone Private Equity where he was involved in six investments in the Midlands.

ISIS has already made three investments in Northern England and according to Mark Advani, head of new investments, is keen to “accelerate” its investment rate in the region. The group already has offices in London in Birmingham.

ISIS, which is owned by fund manager Friends Ivory & Sime, makes investments of between £2m and £30m in growth companies with profits in excess of £1m. The group is focused on the UK, but as part of a joint venture partnership with Residex Venture Capital Network in Holland and Capiton in Germany can participate in equity underwriting of up to E100m to fund pan-European investments.