London-based venture capital firm Hambro Perks will undergo a name change this week, following the passing of co-founder Rupert Hambro in 2021 and the resignation of co-founder Dominic Perks last year. According to sources, the firm will now be known as Salica Investments.
The new name, which combines the Latin word for willow (salix) and the Greek word for fruit (karpos), is meant to reflect the firm’s stability and potential for organic growth. Hambro Perks was originally established by Rupert Hambro to support promising British startups, but has since expanded to include a diverse range of private market funds that invest in both equity and debt across various industries and regions.
Under the leadership of Andrew Wyke, Salica Investments has seen strong performance from its funds. In fact, the firm recently closed its first UK venture debt fund and has plans to launch additional investment funds later this year.
Since his departure from Hambro Perks, Dominic Perks has gone on to establish another London-based firm, Lexham Partners. Public filings indicate that he has joined forces with Sanjiv Somani, the former CEO of JP Morgan’s digital bank, Chase UK. Despite his departure from Hambro Perks, Perks remains one of the largest shareholders of Salica Investments, alongside the Hambro family and Phoenix Group, a leading insurance and pensions provider listed on the FTSE-100.
The rebranding of Hambro Perks to Salica Investments marks a new chapter for the firm as it continues to grow and support promising businesses in the UK and beyond. The announcement of the name change is expected to be made on Monday.