Capital raising
Capital raising for companies and projects seeking institutional investment
Growth capital, project finance, development capital, equity, debt, private credit and strategic investment. Which type of capital fits depends on the stage, cash flows and size of the requirement. We help you identify it, prepare for it and reach the investors who provide it.
Our role in a raise
Preparation and introductions. You and your advisers run the transaction.
BriHel supports companies and projects raising £10m and above at the two points where most raises are won or lost: before the first approach, when the opportunity is either ready or not, and at the approach itself, when it either reaches an investor whose mandate fits or does not.
We do not raise the capital on your behalf, negotiate terms or arrange the transaction. BriHel Capital introduces only and does not arrange transactions, provide advice, or carry out regulated activities. That boundary keeps our incentives clear: an introduction from BriHel means we believe the opportunity is ready and the investor is a fit.
Structure
How a capital stack fits together
Most institutional raises combine more than one type of capital. Each layer has a different risk, return and investor.
Types of capital
Capital requirements we support
Growth capital
- What it is
- Equity, usually minority, invested in a business with proven revenue to fund expansion: new markets, capacity, product or acquisitions.
- Who provides it
- Growth equity funds, private equity, family offices, strategic investors.
- What they need to see
- Revenue quality and growth, unit economics, a credible use of funds tied to milestones, management depth, and a route to exit within the fund's horizon.
Project finance
- What it is
- Long term debt raised by a project company and repaid from the project's own cash flows, with limited or no recourse to the sponsor.
- Who provides it
- Commercial banks, development finance institutions, institutional and infrastructure debt funds.
- What they need to see
- Contracted or highly predictable revenues, robust contracts allocating construction and operating risk, lender technical and legal due diligence, and debt service cover ratios that hold under downside cases.
Development capital
- What it is
- Risk capital that funds a project through land, consent, grid and design to the point where it can attract construction capital.
- Who provides it
- Specialist development investors, strategic investors, family offices, some infrastructure funds with development mandates.
- What they need to see
- A team that has consented and built comparable projects, a pipeline with clear milestones, cost to reach each gate, and the value created at ready to build.
Equity
- What it is
- Ownership capital at company, platform or project level. Equity takes the first loss and the upside, and sets the terms for any debt that follows.
- Who provides it
- Infrastructure funds, private equity, family offices, strategic investors, pension and insurance capital for core assets.
- What they need to see
- A clear investment thesis, a model that supports the return, governance rights proportionate to the stake, and a credible exit or yield profile.
Debt
- What it is
- Senior, holdco or corporate borrowing, secured or unsecured, from banks and institutional lenders.
- Who provides it
- Banks, institutional lenders, private credit funds, debt funds.
- What they need to see
- Cash flow that covers interest and principal with headroom, security, covenants that the business can live with, and an equity cushion beneath the debt.
Private credit
- What it is
- Lending from non bank lenders, often more flexible on structure, speed and use of funds than bank debt, at a higher cost.
- Who provides it
- Direct lending funds, specialist infrastructure and energy credit funds, family offices.
- What they need to see
- Downside protection, security package, clear repayment source, and sponsor commitment. Private credit is priced on risk, not on potential.
Strategic investment
- What it is
- Capital from a corporate or operator whose interest is industrial as well as financial: technology access, supply, offtake or market entry.
- Who provides it
- Utilities, oil and gas majors, OEMs, technology companies, industrial groups and their venture arms.
- What they need to see
- Strategic fit with the investor's own plan, protection of your independence and other relationships, and clarity on what the strategic investor brings beyond capital.
Acquisition finance
- What it is
- Equity and debt to fund the purchase of a company, platform or portfolio of assets.
- Who provides it
- Private equity, infrastructure funds, acquisition lenders, private credit.
- What they need to see
- A target with diligenced value, a financing structure the combined business can service, and a management plan for integration.
Infrastructure investment
- What it is
- Long term capital for assets that deliver essential services with contracted, regulated or availability based revenues.
- Who provides it
- Core and core plus infrastructure funds, pension funds, insurers, sovereign investors.
- What they need to see
- Long duration, predictable cash flows, low correlation with the economic cycle, and robust contracts and regulation.
Investors
Who provides institutional capital
Each category has its own mandate, return target and decision process. Approaching the right category is the first decision in any raise.
Infrastructure funds
Core, core plus, value add and opportunistic funds investing equity in energy, digital, transport and social infrastructure. Large tickets, long holds.
Private equity
Control or significant minority positions in companies and platforms, with a defined exit horizon.
Family offices
Flexible, patient capital. Single and multi family offices increasingly invest directly in energy transition, real estate and growth companies.
Private credit
Direct lending and specialist credit funds offering senior, unitranche, mezzanine and holdco debt.
Banks and institutional lenders
Project finance and corporate lending, typically for contracted, operational or construction stage assets.
Strategic investors
Corporates and operators seeking capacity, technology, supply or market access.
Pension, insurance and sovereign capital
Long term owners of de risked, cash yielding assets, often investing through or alongside funds.
Process
How we support a raise
- 01
Initial Review
We assess the opportunity, the capital requirement and the current investment materials.
- 02
Investor Readiness
We identify weaknesses in the proposition, documentation, financial information and investment case.
- 03
Capital Strategy
We identify the investor profile the opportunity fits and how that profile will view the proposed capital structure.
- 04
Investor Targeting
We identify investors whose current mandate matches the sector, stage, geography and ticket size.
- 05
Introductions
Prepared opportunities are introduced to matched capital providers. Engagement and transaction then proceed directly between the parties.
Find out what an investor will see before approaching the market.
The Investor Readiness Review is a fixed fee assessment of your opportunity, written from the investor side of the table. You receive a scored report, the issues most likely to stop an investor, and the order in which to address them.