British Business Investments, a commercial subsidiary of the British Business Bank, has made its first cornerstone commitment through its £500m Managed Funds Programme.

The €100m commitment is being made to the first European fund of funds to be launched by Top Tier Capital Partners LLC (TTCP). Investments from the fund will be targeted at the technology and healthcare sectors. TTCP is a venture capital specialist headquartered in San Francisco. In 2018, it expanded its operations in Europe by opening an office in London.