Private equity is not usually utilised by family businesses due to its culture, lack of flexibility and short termism. The Legacy fund we have designed addresses those concerns and can provide flexible, patient capital to our community. It will use a collaborative approach, partnering with ambitious families and management teams who have the opportunity and desire to take their businesses forward. It will focus on businesses with sustainable growth prospects in established and growing markets.

Barriers to growth require funding which prevent companies from achieving their next phase of evolution. For example, new sales being delivered by diversification, funding for plant and equipment and working capital. People investment in your team and supporting succession. Operations investment, with IT systems, logistics and improvements in margin. It will provide patient capital to a segment of the market that we believe is underserved by mainstream private equity and debt.

Combined with the capital investment will be the contacts and network of the Family Business Community and the strengths that network can provide. Specific to the fund investment, successful Family Business entrepreneurs who have invested into the fund will provide mentoring and strategic support should it be desired, as part of the investment.

It is the collaboration with our strategic partners Traditum Private Investment Office and their Private Equity Platform which enables us to offer the service in an FCA regulated environment and provide professional investment support and the equity capital.