The UK’s first female-led fund of funds (FOF) has named anchor partners and targeted a £130 million first close.

The Invest in Women Taskforce, established to support female entrepreneurs in the UK, announced Nationwide and the British Business Bank as new partners in the  ‘Women backing Women’ fund.

The fund, managed by Bootstrap4F – thought to be the largest dedicated FOF in the world – is the first female-led initiative of its kind, focused on deploying capital into female founded businesses and mixed investment teams in the UK.