Executive chairmans statement
We faced a test and proved our mettle
BGF’s excellent performance during the pandemic demonstrates the strength of our diversified model and the resilience of the entrepreneurs we exist to support.
BGF was set up in 2011, in the wake of the global financial crisis. Banks were then being mandated to perform stress tests to ensure they could survive another financial implosion. Fast forward to today and we have just lived through an extraordinary year in which the Covid-19 pandemic has turned the economy upside down. For a firm like ours, which invests in a wide range of small and mid-sized companies, 2020 was the ultimate stress test.