UK-based insurer Phoenix Group has concluded the acquisition of a minority fairness stake in enterprise capital investor Antler by means of its With-Income funds. 

The businesses didn’t disclose the monetary particulars of the deal.

The stake acquisition will help Phoenix in investing in Antler for its With-Income purchasers. This method will present direct entry to investing within the initial-stage market. 

By providing funding, co-founder matching and steerage, Antler focuses on eliminating obstacles linked to capital and networks for early-stage companies within the expertise area. 

Unfold throughout 27 areas worldwide, Antler plans to make greater than 400 investments this yr with greater demand from companies for its resolution.

Its ESG and Impression technique addresses the importance of affect and returns. 

Phoenix Group strategic partnerships head James Mitchell mentioned: “We’re delighted to announce this funding into Antler on behalf of our With-Income funds. 

“We imagine funding in diversified enterprise capital portfolios is essential to enabling long-term savers to unlock diversified portfolio returns. 

“Antler is a clearly differentiated instance of this asset kind and this funding will give our With-Income policyholders’ funds publicity to a few of the most enjoyable start-ups within the UK and globally, lots of which intention to handle a few of the largest points we face as a society, such because the local weather problem.”

In February 2023, Phoenix Group prolonged its collaboration with India’s IT main Tata Consultancy Providers to remodel its ReAssure enterprise.

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