About Clarendon Fund Managers
Clarendon Fund Managers Limited is venture capital fund manager based in Belfast, which is authorised and regulated by the Financial Services Authority. Clarendon has Â£13.5 million of funds under management, with an investment focus on innovative SMEs based in Northern Ireland.It is the appointed Fund Manager for the Viridian Growth Fund LP, which was established in August 2001, and it also manages the Nitech Growth Fund LP, which was established in February 2003.Clarendon have invested Â£11.5 million in 25 companies from the two Funds under management across a wide range of sectors including ICT (CRM, ERP, Data Quality), medical devices, biotechnology, communications, food industry, waste management, renewable energy and computer gaming.
Clarendon Fund Managers Headquarter Location
12 Cromac Place 11-13 Gloucester Street
Belfast, Northern Ireland, BT7 2JB,
Latest Clarendon Fund Managers News
Sep 3, 2021
Call for external investors to shift focus to Northern Ireland Domestic investor Co-Fund NI wants others to join it in backing early stage companies in the province Pictured in Titanic Quarter in Belfast are Brian Cummings, investment director at Clarendon Fund Managers, which manages CoFund NI, and Alan Foreman, CEO of portfolio company B-Secur. Sign up to FREE email alerts from BusinessLive - Northern Ireland - news from and about businesses in Northern IrelandInvalid EmailSomething went wrong, please try again later. Subscribe We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Thank you for subscribingWe have more newsletters Show me See our privacy notice Northern Ireland plays home to a host of highly investible companies which international investors are missing out on. That’s the message from the managers of Co-Fund NI which wants to encourage more external investors to take a closer look at the early-stage businesses emerging from the province so they can co-invest. “Demand for funding is high and the quality of the companies we are seeing coming through is increasing every year,” he said. “It’s clear from some of the Series A funding rounds raised by Northern Ireland companies in our last financial year that a number of equity investors are starting to take notice of the potential in the region. “But I would encourage others who aren’t already doing so to take a look at what’s emerging in Northern Ireland as we’d like to invest alongside more external investors.” Clarendon said that in the 12 months to March 31, 2021, despite the impact of the pandemic, Co-Fund NI invested £7.5m in Northern Ireland businesses, alongside £13.2m of private investment in 37 funding rounds, bringing the total it has invested to over £31m resulting in overall investment of £174m when private match investment and leveraged funds are included. In the same 12-month period, its portfolio companies raised £56m of investment, with 15 companies raising Series A funding rounds averaging £2.9m – almost double the average value of Series A rounds raised the year before. These included Cumulus Neuroscience raising £6m from DDF and Life Arc Science Fund, Neurovalens raising £5.2m from IQ Capital and Wharton and Cirdan Imaging raising £3.6m from existing shareholders and the Future Fund. Innovative heart rate software company B-Secur has raised almost £8m in the first of half of the year, including $6m from a US-based fund. “Co-Fund NI first invested in B-Secur in early 2020 at an uncertain time for our business in the early days of Covid-19 and have followed on with significant investment twice as the business moved back to growth,” Alan Foreman, CEO at B-Secur, said. “I was thrilled that B-Secur was able to find a Northern Ireland investor that understands our deep tech proposition and the immense global opportunity we have, while supporting our growth ambitions locally. “Co-Fund NI’s support since early 2020 provided a key endorsement as we sought investment from the US, a key strategic market for the company.” Follow BusinessLive
Clarendon Fund Managers Team
1 Team Member
Clarendon Fund Managers has 1 team member, including current Chief Executive Officer, Paul Leonard.