Unlocking growth across the UK’s private markets
Mercia is a regionally focused private capital asset manager with c.£2.0billion of AuM, investing across venture capital, private debt, private equity and property development finance. Our purpose is to deliver long-term value for investors while supporting the growth and resilience of the UK economy.
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AIM Rule 26
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Annual report
Publication of Prospectus by the Northern VCTs
Mercia is delighted to announce the publication of the Northern VCTs’ Prospectus in relation to offers of new ordinary shares for subscription in the 2025/26 tax year. The offers seek to raise a total of £14million for each of Northern VCT PLC and Northern 3 VCT PLC and £7million for Northern 3 VCT PLC, with over-allotment facilities to raise a further £6million for each of Northern VCT PLC and Northern 3 VCT PLC and a further £3million for Northern 2 VCT PLC.
The offers are now open to applications.
Applications for new shares in the Northern VCTs will be dealt with on a ‘first-come, first-served’ basis.
In recognition of the loyalty of the Northern VCT shareholders, existing shareholders on the register of member of any of the Northern VCTs, as at 16 June 2025, along with their spouse or civil partner, whose applications for shares in any of the Northern VCTs are accepted will benefit from a reduction of 0.5% in the offer costs application to their subscription.
Annual Report and Accounts 2025
Accelerating growth
For over a decade since our IPO, we have been backing ambitious UK businesses and forging lasting partnerships. Our ability to invest between £100k and £20m across venture capital, debt and private equity has powered our growth, regional expansion and financial progress.
FY25 Preliminary Results presentation
Equity Development report
Read or download the latest report by Equity Development on Mercia Asset Management PLC’s preliminary results 2025.
The report highlights the strong set of results from across the Group including FY25 revenue up 13% from £30.4m to £34.4m, EBITDA up 37% and FUM growth from c. £250m of inflows.
A new model for modern private markets investing
Mercia is evolving to meet the needs of institutional asset owners and private investors alike, transitioning away from historic balance sheet investing to focus on scaling its specialist private market funds.
Today, Mercia provides investors with unique access to high-quality private market opportunities across the UK, supported by specialist investment teams and deep regional networks.
Our multi-asset approach enables investors to deploy capital across different stages of the business cycle and diverse asset classes, creating sustainable, diversified portfolios with strong potential for long-term value creation.
Our edge
- Deep UK market expertise – embedded in 11 regional offices nationwide
- Access to private market deal flow – opportunities often unseen by traditional financial hubs
- Active portfolio management – sector specialists driving performance and returns
- Alignment with UK growth and regeneration – a model that directly contributes to economic impact, innovation and local communities
A trusted institutional partner
Mercia is committed to operating as a long-term partner. Our trusted relationships, disciplined investing and active approach deliver value beyond capital supporting UK private markets to thrive.
Trusted by investors
We understand that trust and transparency are essential when it comes to managing your investments. We prioritise building long-term relationships with our investors and their financial advisers, providing them with personalised support and guidance throughout their investment journey.
Investing for good
Mercia has always aspired to be the first choice for investors, investees and employees therefore ESG has always been central to our investment strategy. We have a rich legacy of investing in impactful businesses such as Faradion, The Native Antigen Company and OXGENE all demonstrating that strong ESG credentials can generate superior returns.
Our story
Our journey as a quoted company began in 2014 and our investment offering and AuM has continued to expand ever since.
We are now one of the most active investors in the market, regularly featuring in industry top lists such as Beauhurst and recognised by independent bodies who continue to publish buy recommendations.
Where we invest
We are a domestic investor only and believe passionately in the untapped potential of the UK regions. While we invest across the United Kingdom, c.90% of our investment activity is within the regions outside the South East. These regions provide us with unrivalled deal flow with attractive valuations which means that we can deploy capital efficiently and provide better value for our clients. We are dedicated to helping to drive economic growth and innovation across the UK, supporting ambitious businesses that exhibit high-growth potential.