Crescent I (HAMNIV LP)
Crescent’s first fund of £14m (known as Hambro Northern Ireland Ventures LP) backed a total of twelve companies of which several have achieved significant capital growth for the fund’s investors.
Andor Technology, a spin out from Queen’s University was backed by Crescent in 1997 and went onto achieve a listing on the London Stock Exchange in 2004. It manufactures high end digital cameras for research and OEM customers throughout the world.
Balcas is Ireland’s largest sawmilling and wood fibre processing business. Following an investment by Crescent in 1999, Balcas has progressed to become a leading timber processor in the British Isles and the largest manufacturers of wood fuel pellets.
UP Holdings, Fund I’s first investment failed to realise its potential in its original form as a manufacturer of PVC pipes and ducts. However, the business was restructured by the Crescent team and the former premises were renovated and rented out as industrial warehousing to third party tenants.
The premises were sold in April 06 to a property developer for a considerable premium to our original costs and the proceeds have now been distributed to investors.
Crescent is the largest venture fund manager in Northern Ireland. It has he largest fund under management and it fields the most experienced team of investment professionals with a track record of investing successfully in the region.
The fund’s focus is investing in early stage and development capital investments in IT, manufacturing and tradeable services businesses that are either headquartered in Northern Ireland or have the majority of their operations there.
Opportunities to invest in a “Northern Ireland only” vehicle are very limited and by investing in Crescent Capital II LP, investors gain exposure to a balanced portfolio of emerging companies with potential for high growth throughout Northern Ireland.
Crescent Capital NI Ltd is authorised and regulated by the Financial Services Authority
Crescent Capital NI Ltd is a member of the EVCA