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

The cornerstone commitment of up to €75m is being made to manager Isomer Capital’s second fund, Isomer Capital II. The fund will be targeted at early stage venture capital managers across Europe, that invest primarily into early stage tech companies. Isomer II will also pursue a co-investment strategy, investing alongside its fund managers, with additional capital made available for the most promising, high-growth companies from the underlying portfolio.