B.P. Marsh, a specialist venture capital provider to early stage financial services businesses, completed 22 new investments in the first half of 2020, a significant drop from the 49 completed in the prior year period.
The company attributes this drop to the challenges posed by COVID-19 but says it remains well positioned to carry out new investments moving forward, with a number of opportunites reportedly in the pipeline.
The group’s focus remains investing in niche SME sectors backed by experienced and capable management teams, which it says creates long term growth and consequential value.
B.P. Marsh says it expects to report the results for H1 on October 13.
Some key investments of this year includes the 30% stake it took in SAGE Program Underwriters, for an equity consideration of $250,000.
Based in Oregon and established in 2019 by Chief Executive Officer Chuck Holdren, SAGE provides specialist insurance products to niche industries, initially in the inland delivery and field sport sectors.
2020 also saw Nexus expand its trade credit broking arm, having acquired a trade credit broking portfolio from Howden UK Group Limited in March, in addition to the previously acquired Credit Risk Solutions in October 2017 and Credit and Business Finance in April 2019.
The business plans to develop its specialist focus through both organic growth and acquisitions, with targeted combined growth of over 30% per annum.
