Introducing... Balance Strategic Capital
The venture capital community across Europe has thrived in the 21st century, but has done so without a true banking partner by its side. Most fund finance providers draw the line at mid-cap private equity funds, reasoning that the modest transaction sizes paired with the complexity of the underlying asset class render venture capital unworthy of their time.
We decided to do something about that.
In 2022, myself (Benjamin Emms) and Ian Milbourn set out to cater to the innovation economy, providing it with a banking partner they can hang their hats on. Thus, Balance Financial Services was formed with the mandate to work with VC and PE firms and, from the ground up, design, build, and offer the banking and lending products demanded: NAV, GP Commitment, Capital Call, Carry, and Management Fee based facilities.
The road to a banking license is long to say the least however, so in order to provide the market with our products sooner, we have been working on a “proof of concept” where we source the capital required from other institutions rather than depositors.
It is important to point out that this was conceived long before the demise of SVB, and was not a knee-jerk reaction to events a year ago.
I am delighted to introduce Balance Strategic Capital to the world and, at the same time, introduce 2 senior hires from SVB who, together with my experience as a Private Banker and Ian’s experience as COO at Notion Capital, will bring extremely valuable fund finance expertise into their roles as Head of Credit and Head of Origination respectively: David Proud and John Robinson.
We would be delighted to share more about us, and understand how we can support your firm. Please do contact John at john.robinson@balance-fs.co.uk.