RCP EXITS FC FUND MANAGEMENT AT SIGNIFICANT PREMIUM
PROVIDING AN OPPORTUNITY TO RECYCLE FUNDS INTO GROWTH SECTORS
Renaissance Capital Partners, a leading-edge family office, completed a sizeable di-investment out of FC Fund Management, a distressed opportunity fund based in London, it announced today. RCP’s decision followed a restructuring of the ownership of the FCFM business, which will allow RCP to further expand its pipeline of innovative investments. RCP had supported the business through several investment rounds, over several years.
Mark Randall, Managing Director of RCP, remarked “This was an excellent opportunity to realise a great profit, and move money into other high-growth opportunities. We constantly scan our investment horizon for opportunities that balance risk and reward.”
With an expanding pipeline of opportunities, RCP is looking forward to putting the recycled funds to work. It’s current holdings in bio-tech are gaining momentum and the remaining portfolio is showing growth.
Renaissance Capital Partners Ltd. is a private company established in 2008 to invest funds in high-growth, innovative and entrepreneurial businesses. It now has a diversified investment portfolio across various industries including Robotics, Healthcare, Location Based Services, Clean Tech and Telecoms.
FCFM Group is a privately owned investment firm undertaking principal investing.