Executive Chair’s statement
A record-breaking year
The history books will remember 2021 as a tough year – one of lockdowns, travel restrictions and an ongoing pandemic with many knock-on effects, such as supply chain shortages.
But for BGF, 2021 was an extraordinary year, in which a combination of hard work, a supportive network and a mature investment model helped us achieve record-breaking results.
A total investment of nearly £600m during the year – more than one and a half times what we deployed in 2020 – was a phenomenal achievement. Not only that but we generated outstanding and unprecedented returns by exiting our investments in 39 businesses – evidence of our mature model and strong portfolio.
We have now backed more than 450 companies. But this is not a case of job done, it is job begun – and a lot more to do.