Toscafund

London, United KingdomFounded 2000

Toscafund Asset Management is a London-based specialist investment manager founded in 2000 by Martin Hughes. The firm manages multi-billion-dollar assets across UK small-to-mid cap equities, global capital markets, private equity, and private debt, with a private growth fund partnering with founder-led digital businesses.

They made 1 investment in the last 12 months. Their most common stage is growth (43% of deals). Average disclosed round size is $57.8M (across 5 rounds with reported amounts).

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Portfolio

Fund Size

—

Top Stage

Growth

Last 12 Mo

Team

Fabrizio Cesario

Partner of Toscafund Asset Management and the Co-Head of Tosca Private Growth Fund

George Koulouris

Partner of Toscafund Asset Management and the Co-Head of Tosca Private Growth Fund

Ugo Vitali

Principal of Toscafund Asset Management and part of the Tosca Private Growth Fund

Florent Cohu

Investment Associate at Toscafund Asset Management, and part of the Tosca Private Growth Fund team

Portfolio Breakdown

Stage Distribution

Sector Distribution

Investment Activity

DealsAvg Round Size

Portfolio

7 investments

Company	Round	Amount	Valuation	Date	Role
Instanda	Growth	$45M	—	Oct 2025
AAtom Bank	Series D	$102M	$320M	Mar 2017	participant
Liqid	Series C	$100M	—	—
LLemonway	Series B	—	—	—
EElinvar	Unknown	—	—	—
VVoxSmart	Growth	$12M	—	—
CCellPoint Digital	Growth	$30M	—	—	lead

Top Co-Investors

BBVA1 shared

Iron Gate Capital1 shared

Lightrock1 shared

Redstone1 shared

Panorama Point Partners1 shared

Horizon Technology Finance Corporation1 shared

Project A1 shared

Speedinvest1 shared

CommerzVentures1 shared

Finleap1 shared

Maven1 shared

NatWest Group1 shared

Last updated: 27 September 2026