The new fund will support UK and European high growth scale-up companies with non-dilutive growth capital, with a focus on B2B SaaS and patented hardware companies. 

The fund has received commitments from a number of high-profile investors, including British Business Investments.

The Macfarlanes team was led by investment management partner Alex Amos with assistance from associate Caroline Chu, together with tax advice from partner Alicia Thomas.