The firm’s new leadership sees existing Director and seasoned deal maker, Tariq Attia, step into the role of CEO, while experienced entrepreneur and private equity investor, Alan Armstrong, takes on the position of Chairman.

IW Capital focuses on providing patient capital to growing businesses, backing experienced management teams across a diverse range of sectors, including technology, environmental impact, healthy living, demographic change, and education. With the launch of this new Growth Fund, IW Capital aims to offer larger investments to businesses that have already proven their business models and are poised for rapid scaling.

A key factor in IW Capital's success is the commercial support it provides to its portfolio companies. This support leverages the entrepreneurial experience of the investment team and the strength of its extensive investor network. Known for its agility and ability to act quickly, IW Capital often leads investments and has consistently grown its assets under management (AUM) over the past five years, especially during periods when growth funding was more difficult to secure.

To date, IW Capital has completed eight successful exits and currently manages over £150 million in AUM. Its portfolio spans a variety of UK-based companies, including Transcend Packaging, Daily Dose, BorrowMyDoggy, SaveMoneyCutCarbon, and Flarin, with notable co-investors such as ITV AdVentures, Barclays Sustainable Impact Capital, Starbucks, and LG. Most recently, the firm invested in Impact Recycling and GPDQ. Committed to supporting brilliant businesses nationwide, IW Capital’s portfolio includes investments across England, Scotland, and Wales.

Reflecting on the management buyout, CEO Tariq Attia commented: “Since its foundation in 2011, IW Capital has demonstrated a strong track record of backing brilliant businesses with experienced management teams who are addressing long-term shifts in societal trends. Our approach means we have continued to see success regardless of the economic environment; in fact, 2023 was our most active year to date. It is hugely exciting to embark on a new chapter for IW Capital, with a talented team bringing the best of youth and experience to support the most exciting growth businesses in the UK today.”

Chairman Alan Armstrong highlighted the importance of IW Capital’s investment philosophy, saying: “I know from my own business experience how important it is to find an investment partner who understands how to support growing businesses through engagement and commercial acumen and network introductions. UK SMEs are a core driver of employment and GDP, and we pride ourselves on being an active, supportive partner. We combine the agility and entrepreneurship of venture capital with the long-term commitment of private equity to ensure some of the most promising businesses in the UK today have the financial and commercial support they need to realise their potential. For our investors, this means access to opportunities which would otherwise be the domain of larger private equity houses.”