YFM Equity Partners LLP-advised venture capital trusts British Smaller Cos. VCT PLC and British Smaller Cos. VCT 2 PLC invested in luxury men's swimming trunks and resort wear company Frescobol Carioca Ltd.

Details of the transaction were not disclosed.

YFM's funds will be used to expand the brand's global customer base and develop e-commerce opportunities, among other efforts to support the growth of Frescobol.

Charlie Robinson and Adam Hart led the investment for YFM.