First Round: The best kind of fundraise

First Round salutes the private equity community in Manchester. Eighteen private equity firms stepped up to make a joint contribution of £90,000 ($114,000; €103,000) to support the families and loved ones of the victims of the May's Manchester Arena attack.

The money, which is being collected by the UK's industry association, the BVCA, will be donated to the We Love Manchester Emergency Fund, set up by Manchester City Council in partnership with the British Red Cross.

“As people who work in Manchester, with families of our own, we were all shocked by this terrible attack on innocent people,” said Richard Young, director of Manchester for the BVCA. “It has been heartening to see people come together in support of those affected. The private equity community is pleased to be able to play our part in offering support to the victims and their families.”

A full list of firms that participated in the fundraising drive can be found on the BVCA's website.

Describing the donations to the emergency fund, the Lord Mayor of Manchester, Councillor Eddy Newman, said: “We are incredibly grateful to everyone who has generously supported the We Love Manchester Emergency Fund. The money raised through your donations will make a real difference to those who have been affected by this horrific attack.”