Maven opens Preston office to support £400m Northern Powerhouse fund

Private equity house Maven Capital Partners has revealed plans to open an office in Preston as part of the continuing expansion of its North West investment operations.

Its new Preston based is near to Preston’s docklands and the opening follows Maven’s appointment in February by the British Business Bank (BBB) as fund manager for the new £57.5m North West-focused NPIF Maven Equity Finance Fund.

NPIF will support the growth aspirations of high-potential SMEs that can contribute to regional economic development, job creation and innovation.

Ryan Bevington, fund manager for NPIF Maven Equity Finance, said: “Maven is one of the North’s most active and experienced private equity fund managers, with a long track record of investing in and supporting SMEs across the region.

“We look forward to establishing our presence further in the region and working with British Business Bank to deliver the objectives of the NPIF.”

“Delivering on our promises to help those growing, innovative companies across Lancashire to access the equity finance they need to invest and grow relies on the ability to get boots on the ground in close proximity to the communities it serves. “This latest announcement delivers on Maven’s commitment to establishing a physical presence in Lancashire, and we are confident its launch will help us build on the strong relationships we have forged with the Lancashire LEP and the region’s businesses.”