The Forbes Family Group are proud to announce their very first investment fund, the ‘Ace’ fund, a fund that will be dedicated to investing and supporting entrepreneurs with shared backgrounds and social interests to the Forbes Family Group.
The £1,000,000 fund will be deployed over the next 3 years focusing on enterprises, start-ups and social causes that meet the funds criteria and show meaningful go forward promise. The fund comes shortly after the formalisation of the Forbes Family Group entity, the private office of the Forbes Family which was originally established in 2018, but has been refreshed and relaunched in 2020 with aims to invest and support projects and businesses with positive social aspirations.
‘It’s important that the Forbes Family Group plays its role in supporting and serving those communities and entrepreneurs with similar backgrounds and aspirations to me and Dean. We know how hard it is to make an idea work over the long term and we want to put our expertise, network and capital to work to help those entrepreneurs and positive causes’ said Danielle Forbes, CEO of the Forbes Family Group.
‘We are pleased to create and launch this fund which we are backing significantly but also with participation from similarly minded people on our network. We believe there are great businesses out there and we will be looking for the best ones to back’ said Dean Forbes, Chairman FFG.
FFG will be investing on both a minority and majority basis with a focus on technology, technology enabled business and other social
projects that are aimed at addressing the lack of social mobility for working class people in underprivileged areas. The fund already has over 60 opportunities that it is considering and expects to announce its first deals in the coming weeks.