Better Capital provides consultancy services to the general partners of the Better Capital Funds. These services include both the provision of generic information and research and the identification of potential acquisition and disposal opportunities for consideration by the general partners (see below).
Better Capital is a Member of the BVCA, the CBI, the Corporate Finance faculty of the Institute of Chartered Accountants in England and Wales, a Corporate Partner of the Institute for Turnaround and sponsors of Turnaround Management Association.
Better Capital PCC Limited is a Guernsey limited liability protected cell company. It is a closed-ended investment company with an unlimited life and registered with the Guernsey Financial Services Commission as a Registered Closed-ended Collective Investment Scheme. The Company's investment objective is to generate attractive total returns for its shareholders in Better Capital 2009 Cell and Better Capital 2012 Cell by investing in two funds which will invest in portfolios of distressed businesses.
The Better Capital Funds are seeking to invest in portfolios of businesses which have significant operating issues and may have associated financial distress, with a primary focus on businesses which have significant activities within the United Kingdom or Ireland.
BECAP Fund LP has net proceeds of £204 million which is now substantially invested. It has an investment period running from 21 December 2009 to 31 December 2012.
BECAP12 Fund LP has net proceeds of £166 million at the first closing in January 2012. It has an investment period running to 31 December 2014 which may be extended with the consent of the Company acting in relation to the Better Capital 2012 Cell.
BECAP GP LP has overall responsibility for the management and administration of the business and affairs of BECAP Fund. BECAP GP LP is, in turn, operated and managed by BECAP GP Limited, the GP Company, in accordance with the terms of the limited partnership agreement constituting BECAP GP LP.
BECAP12 GP LP has overall responsibility for the management and administration of the business and affairs of BECAP12 Fund. BECAP12 GP LP is, in turn, operated and managed by BECAP12 GP Limited, the GP Company, in accordance with the terms of the limited partnership agreement constituting BECAP12 GP LP.