British Business Investments Ltd has committed up to £40m to Columbia Lake Partners Fund II - CLP Growth II GBP SCSp - at its first close.

Columbia Lake Partners (CLP) is a London-based venture debt fund, providing growth capital term loans of £3-10m to venture capital backed technology businesses. The investments are a complement to traditional VC funding, allowing companies to grow with less dilutive capital. The fund can invest as part of an equity round, between equity rounds to allow a company more time to build enterprise value, or to fund an acquisition.