Slaughter and May is advising the Treasury on the first set of investments made as part of the Government’s Business Finance Partnership venture, announced yesterday (5 December) in Chancellor of the Exchequer George Osborne’s Autumn Statement.
The Government will invest £600m in the venture, which is intended to increase the supply of capital through non-bank lending channels, with fund managers Alcentra Limited, Haymarket Financial, M&G Investment Management and Pricoa Capital to raise a further £650m. An additional £100m is expected to be invested with a fifth fund manager.
