Funds

Mercia Asset Management PLC (AIM:MERC) has announced inflows into existing managed funds and successful new fundraises totalling around £80mln. This significant increase comes from various sources, including the recent acquisition of Frontier Development Capital (FDC), with an additional £30mln raised for the FDC Debt LP fund. Other contributors to the total include £18mln raised by the Northern Venture Capital Trusts and £13.6mln secured by Mercia's latest Knowledge-intensive Impact Enterprise Investment Scheme fund. On top of this, there were equity allocations from the British Business Bank amounting to £18.8mln, split between the Mercia-managed Northern Powerhouse Investment...