Isomer Capital has completed the first close of “Isomer Capital Opportunities”. The new co-investment fund is backed by British Business Investments, through its Managed Funds Programme, amongst other global institutions.

The goal of the new opportunities fund is to build on the success of ‘Isomer Capital I’, the firm’s fund-of-funds that invests into early-stage venture capital firms across Europe. Isomer Capital Opportunities will enable the firm to continue early growth investing alongside its VC partners into the UK and Europe’s fastest growing technology companies.

Isomer Capital Opportunities will provide ongoing support to fast-growing technology scale-ups from within the firm’s early-stage portfolio. Isomer’s first hybrid fund of funds gained exposure to companies in 34 countries, generating high and consistent demand for growth capital.

Isomer Capital Opportunities will co-invest in approximately 20 companies sourced from within the firm’s previous fund-of-funds, Isomer Capital I.

Read more/Source: Private Equity Wire