UK fund managers battling to run £1bn Scale-up Fund, reports say
THE SO WHAT
A £1B state-backed scale-up mandate is effectively a distribution and fee prize for whoever wins it — and a signal that late-stage equity in the UK will have a politically-shaped backstop. If you’re a UK growth-stage founder, this may change which investors you prioritize now, because access to that vehicle will matter in your Series C+ pricing and follow-on certainty.
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