Paul Munn (Executive Chair at PXN Group) and Dave Foreman (CEO at PXN Group) have both featured in The Times newspaper, following confirmation of FCA approval and the official merging of Par Equity and Praetura Ventures to create PXN Group.
The article zooms in on our plan to deploy at least 50% more capital over the next five years, as we look to prove that London doesn’t have a monopoly on entrepreneurial talent.
As part of that aim, we will increase our annual investment rate from £40 million a year to £60 million. year, translating to £300 million of investments over five years that will extend to £1 billion with co-investments from other investors.
Speaking to The Times, Paul said: “We will have the money coming in and we have a very strong track record of deploying it successfully.”
He added: “We want to crowd in more capital. By being the partner in the regions, we can see other sources of capital coming into these deals because people are catching on the fact that there are a lot of interesting things going on up here.”
Subscribers to The Times can read the article in full here: https://www.thetimes.com/business/entrepreneurs/article/pxn-group-entrepreneurs-enterprise-network-vvzm0mb6m?msockid=388b61674bf369813ba177c64a8d6896
