Mercia Asset Management has announced two new investments within its balance sheet portfolio, notably (1) a £3.0m equity investment into Med Tech business Axis Spine, equating to a 11.7% equity stake (alongside Mercia’s managed funds holding of 33.6%) and; (2) a £2.3m convertible loan for Clean Tech business Nova Pangea. Both business have also seen investments from the Group’s managed funds, underpinning MERC’s de-risked sourcing strategy. We do not make any changes to our forecasts but see thi ....