Co-Fund NI

A £47.3 million equity co-investment fund managed by Clarendon Fund Managers and backed by Invest Northern Ireland. It invests alongside private investors into eligible growth-oriented SMEs based in Northern Ireland, with typical investment rounds between £150,000 and £1,000,000.

Key contacts

Neil Simms
Financial & Investment Director
Jim Curran
Investment Director
Brian Cummings
Investment Director
Damien Callaghan
Chairman

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Funding

£150k – £1.0m

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Eligibility criteria

Must be SME with operations substantially based in Northern Ireland
Must not be in a prohibited EU sector (e.g. Defence, Tobacco, Gambling) and generally be in manufacturing or tradable services (Export-focused)
Must have an identified funding gap in a proposed investment (Companies must have tried and been unable to raise all required funding from private sources)
Funding is subject to ‘State Aid’ and therefore investment cannot breach State Aid Block exemption (must take account of other ‘State Aid’ receipts or offers such as grants)
Where the investment is being led by business angels, there must be a minimum of three participating in the investment round
Investee companies must fall within the European Commission SME definition (headcount not exceeding 250, turnover not exceeding €50M and balance sheet assets not exceeding €43M)

Co-Fund NI

Key contacts

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