Clarendon Fund Managers
Clarendon Fund Managers is a Belfast-based venture and development-capital manager that runs the Northern Ireland regional equity funds appointed by Invest NI and the British Business Bank, including Co-Fund NI, the GBP 39 million Co-Fund NI III and the GBP 33 million equity sleeve of the GBP 70 million Investment Fund for Northern Ireland. Incorporated in 1998 and investing since 2001, it has backed more than 100 Northern Irish SMEs across over 350 funding rounds. The firm is authorised and regulated by the UK Financial Conduct Authority under firm reference number 224974.
Key facts
Recent exits
Coverage notes
3 funds tracked, 58 portfolio companies (48 active · 10 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
58 companiesFunds & portfolio
Every fund Clarendon Fund Managers has raised, with its portfolio companies. Hand-checked from public filings.
Investment Fund for Northern IrelandGrowth2024 · 2yr€39M5 active · 1 realized
Unrealized
5 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| MedTech |  UK | 2024 | |
| Consumer | UK | 2024 | |
| Data & Analytics | UK | 2024 | |
| E-commerce | UK | 2024 | |
| SaaS | UK | 2024 |
UK· Entry 2024UK· Entry 2024UK· Entry 2024UK· Entry 2024UK· Entry 2024Co-Fund NI IIIVC2024 · 2yr€46M8 active
Unrealized
8 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Biotech | UK | 2025 | |
| SaaS | UK | 2025 | |
| ClimateTech | UK | 2025 | |
| Software | UK | 2025 | |
| ClimateTech | UK | 2025 | |
| ClimateTech | UK | 2025 | |
| Biotech | UK | 2025 | |
| SaaS | UK | 2026 |
UK· Entry 2025UK· Entry 2025UK· Entry 2025UK· Entry 2025UK· Entry 2025UK· Entry 2025UK· Entry 2025UK· Entry 2026Co-Fund NIVC2012 · 14yr€55M35 active · 9 realized
Unrealized
35 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Data & Analytics | UK | 2021 | |
| AI/ML | UK | 2019 | |
| Cybersecurity | UK | 2016 | |
| Biotech | UK | 2022 | |
| Data & Analytics | UK | 2016 | |
| Cybersecurity | UK | 2022 | |
| Biotech | UK | 2022 | |
| MedTech | UK | 2019 | |
| Cybersecurity | UK | 2020 | |
| Software | UK | 2019 | |
| Consumer | UK | 2020 | |
| InsurTech | UK | 2021 | |
| Consumer | UK | 2012 | |
| HealthTech | UK | 2017 | |
| Biotech | UK | 2022 | |
| Data & Analytics | UK | 2021 | |
| Biotech | UK | 2023 | |
| Consumer | UK | 2021 | |
| SaaS | UK | 2023 | |
| SaaS | UK | 2020 | |
| HealthTech | UK | 2019 | |
| Fintech | UK | 2021 | |
| SaaS | UK | 2022 | |
| MedTech | UK | 2020 | |
| SaaS | UK | 2019 | |
| Industrials | UK | 2022 | |
| Cybersecurity | UK | 2016 | |
| HealthTech | UK | 2020 | |
| ClimateTech | UK | 2020 | |
| HR Tech | UK | 2018 | |
| SaaS | UK | 2021 | |
| SaaS | UK | 2020 | |
| Biotech | UK | 2021 | |
| Construction | UK | 2020 | |
| SaaS | UK | 2019 |
UK· Entry 2021UK· Entry 2019UK· Entry 2016UK· Entry 2022UK· Entry 2016UK· Entry 2022UK· Entry 2022UK· Entry 2019UK· Entry 2020UK· Entry 2019UK· Entry 2020UK· Entry 2021UK· Entry 2012UK· Entry 2017UK· Entry 2022UK· Entry 2021UK· Entry 2023UK· Entry 2021UK· Entry 2023UK· Entry 2020UK· Entry 2019UK· Entry 2021UK· Entry 2022UK· Entry 2020UK· Entry 2019UK· Entry 2022UK· Entry 2016UK· Entry 2020UK· Entry 2020UK· Entry 2018UK· Entry 2021UK· Entry 2020UK· Entry 2021UK· Entry 2020UK· Entry 2019Realized
9 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| SaaS | UK | 2015 | 2025 | Trade Sale | – | ||
| HealthTech | UK | 2015 | 2019 | IPO | – | – | |
| Biotech | UK | 2013 | 2017 | IPO | – | – | |
| SaaS | UK | 2013 | 2017 | Trade Sale | – | ||
| MedTech | UK | 2012 | 2016 | Trade Sale | – | ||
| SaaS | UK | 2013 | 2021 | Trade Sale | – | ||
| HealthTech | UK | 2022 | 2025 | Trade Sale | – | ||
| Cybersecurity | UK | 2015 | 2020 | Trade Sale | – | ||
| Industrials | UK | 2020 | 2023 | IPO | – | – |
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About Clarendon Fund Managers
Clarendon Fund Managers is Northern Ireland's longest-running co-investment venture capital manager with approximately £94 million in regional VC funds as of December 2024 (Co-Fund NI £47.3 million, IFNI Clarendon Equity Finance as part of the £70 million Investment Fund for Northern Ireland), headquartered in Belfast at Craig Plaza, Fountain Street. The firm was founded in 2001 and operates as an independent fund manager deploying public and agency capital from Invest NI, the British Business Bank and Innovation Ulster, having backed 100-plus companies since 2001.
Investment thesis
Clarendon Fund Managers deploys capital through approximately four to five funds (Co-Fund NI I-III, IFNI Clarendon Equity Finance), targeting equity co-investment alongside business angels and syndicates with initial cheques of approximately £50k-£250k (Co-Fund) up to £5 million (IFNI), plus follow-on support. Sector focus spans software, compliance and regtech, healthtech and biosecurity, edtech, tech for good and consumer tech (broadly sector-agnostic). Geographic deployment is Northern Ireland. The platform pairs public funds with local angel capital.
Recent activity
Recent realised exits include compliance and manufacturing software (2025). Recent acquisitions include an edtech and payments follow-on (2026), air-sterilisation and biosecurity tech (2025) and accessibility tech-for-good software (2025). The platform continues active deployment across the Northern Ireland co-investment mandate. Detailed buyer names and multiple data available on Pro at €29/month.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
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