Shares in Woodford Patient Capital trust surge as top holding announces biotech tie-up that could be worth up to $2.2 billion.
Princess Private Equity has benefited from exits at near-record valuation multiples over the past year but believes it can still acquire new investments at good value.
Manager Katie Potts will now invest in companies below £3 billion rather than £2 billion after a successful year for its bigger holdings.
Baillie Gifford has raised £173 million for its ‘patient capital-style’ US Growth trust.
‘You’d have to be be mad to invest in UK PFI at the moment,’ says Stephen Ellis, chairman of Gravis Capital Management, who is looking to raise £200 million for the Global Diversified Infrastructure income fund.
The boards of BlackRock Latin American and City Natural Resources High Yield (CYN) decide that offering investors the certainty of dividends paid from capital is the best way to secure demand for their shares.
RM Secured Direct Lending hopes to clear the £100 million barrier with an offer of high-yielding C-shares and 3.5% yielding ‘zeroes’ .
Alasdair McKinnon, contrarian manager of Scottish investment trust, hopes yesterday’s drubbing of Facebook shares is prelude to significant shift in investor attitudes.
High-yielding Renewables Infrastructure Group soars past its £25 million ‘tap’ share issue target a month after weakening inflation link to its dividend.
Augmentum Capital, the finch investor spun out of the Rothschilds’ RIT Capital Partners, raised £94 million, below the £125 million sought in its initial public offer of shares.