We are
River Capital
River Capital, part of the MSIF group, is a Fund Management company which helps ambitious small and medium sized businesses to accelerate their growth and achieve their full potential.
Through our people, expertise and skills we bring the energy, passion and opportunity to businesses seeking to grow, prosper and achieve their goals.
Our Story
Alliance Fund Managers (“AFM”) is formed as an FCA regulated subsidiary of Merseyside Special Investment Fund Limited (“MSIF”) to manage its incumbent suite funds. We commence management of MSIF’s £40M Venture Fund, £20M Mezzanine Fund and £20M Small Firms Fund
Launch of the MSIF backed £27M Liverpool Seed Fund.
The initial MSIF funds were fully invested into Liverpool City Region with over 1200 SMEs supported, a leverage of £240M created and 12,400 jobs created or safeguarded.
We were appointed to manage the £4M Merseyside Small Loans for Business Investment Fund and the £6M North West Transitional Loan Investment Fund.
From the returns on previous MSIF managed funds, we were appointed to manage the Merseyside Loan and Equity Fund.
Through a joint venture with Manchester based Business Finance Solutions, appointed by North West Business Finance to manage the Merseyside element of the North West Microloan Fund.
Appointed to manage the £3M Small Business Loans Fund.
The launch of LCR Finance Hub and LCR Angels Network.
Through a joint Venture with Manchester based Business Finance Solutions, appointed by British Business Bank to manage the North West microloan element of the Northern Powerhouse Investment Fund.
AFM operationally merge with Liverpool based Fund Manager SPARK Impact Limited.
Appointed to manage the Liverpool City Region £20M Flexible Growth Fund, taking total funds under management to close to £100M.
Obtained Coronavirus Business Interruption Loan Scheme status from BBB and launches the £3M CBILS backed Coronavirus Recovery and Resilience Fund.
AFM relocates to new offices in The Plaza.
Rebrand to River Capital Management Limited, trading as River Capital.
Now in 2025, River Capital has more than £100m funds under management with three debt funds, a North West Private Equity Fund and the North’s First Dedicated Artificial Intelligence Fund, fund:AI, offices in three Countys, and a dedicated staff of more than 20 fuelling the ambitions of founders and SMEs.
Now in 2025, River Capital has more than £100m funds under management with three debt funds, a North West Private Equity Fund and the North’s First Dedicated Artificial Intelligence Fund, fund:AI, offices in three Countys, and a dedicated staff of more than 20 fuelling the ambitions of founders and SMEs.
In 2002 River Capital was established as the FCA regulated subsidiary of Merseyside Special Investment Fund (MSIF) to manage its £40m Venture Fund, £20m Mezz Fund and £20m Small Firms Fund with the £27m Seed Fund following in 2003.
By 2008, the initial MSIF funds were fully invested into Liverpool City Region with over 1200 SMEs supported, leverage of £xxxm created and 12,400 created or safeguarded.
Why work with us?
We’re an ambitious team with a strong track record of value creation for clients and stakeholders through deep sector knowledge, absolute objectivity and expert business advice.
We believe in the extraordinary power of potential that lies within all and through our people, expertise and skills, we bring the energy, passion and opportunity to businesses seeking to grow, prosper and achieve their goals.
Our Purpose
We exist to release unfulfilled potential and fuel the ambitions of investors, entrepreneurs, businesses and ourselves.
Our Values
Results Driven
We exist to drive results and are totally committed to achieving the best possible outcomes that add purpose and value for our clients and stakeholders alike.
Integrity
Integrity lies at the heart of investment process, our client relationships and in everything we do. At River Capital we strive to always make honest and responsible decisions in order to instil a sense of pride and purpose in our company.
Trust
We believe building trust is the currency of business and the most important factor in any relationship. We build trust through responsible actions, keeping our promises and always doing what we say we’d do.
Human
We strive to find the human element in every business interaction or situation. By fostering meaningful human connections that speak to the hearts and minds of our stakeholders, we build strong powerful relationships that thrive and flourish.
ESG
At River Capital, we believe responsible investing goes beyond financial returns.
We are committed to creating positive impact through our investments while maintaining high standards of environmental, social, and governance practices
People we invest in
We partner with ambitious entrepreneurs and established management teams across the full spectrum of business growth.
Our debt platform provides tailored financing solutions and can be used in a variety of situations for businesses who are looking to grow and is one of the most common forms of finance used across the UK.
For businesses requiring flexible capital solutions, our mezzanine financing bridges the gap between traditional debt and equity, supporting management buyouts, growth initiatives, and strategic transitions.
Our private equity platform focuses on profitable, growth oriented companies where we can add strategic value and operational expertise to accelerate expansion.
Through our venture arm, we back early-stage innovators with breakthrough technologies and scalable business models who are ready to disrupt their markets.
Regardless of stage or structure, we seek partners who share our commitment to building exceptional businesses with sustainable competitive advantages and strong leadership teams positioned for long-term success.