Raising

ACF

Sector-agnostic co-investment fund that relies on angel expertise for deals.

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Fund size—

Min. investment—

Check size—

Fees—

Mandate

What they back

ACF is an independent fund spun out of the British Business Bank (BBB, which is its sole LP). It manages the £100 million Angel CoFund with a small investing team of five people.

Sectors

Sector-agnostic

Geography

Team

The people behind the fund

Matthew Boreman

Associate

Terms & economics

Key details

Typical check: £100,000 to £1 million (typically averaging around £500k–£600k, usually £250k to £1m nowadays) for a 5% equity stake