Gresham House PLC First Close of Strategic Public Equity Fund LP (2352H)
August 16 2016 - 02:01AM
UK Regulatory
TIDMGHE
RNS Number : 2352H
Gresham House PLC
16 August 2016
16 August 2016
Gresham House plc ("Gresham House" or "the Company")
(AIM: GHE)
Gresham House Achieves First Close of Strategic Public Equity
Fund LP
Gresham House, the specialist asset manager, is pleased to
announce the first close of the Gresham House Strategic Public
Equity Fund LP (the "SPE Fund LP") with commitments, including
co-investment contributions, of GBP24 million. The Company has
committed GBP1.5 million to co-invest alongside the SPE Fund LP. As
announced by Gresham House Strategic plc ("GHS") today, GHS will be
co-investing GBP7.5m alongside the SPE Fund LP via the transfer of
3,875,969 IMImobile ordinary shares into the co-investment
structure at a price of 193.5p.
The SPE Fund LP means that Gresham House Asset Management's
("GHAM") strong performing Strategic Public Equity ("SPE")
investment strategy is now accessible to investors who favour
limited partnership structures, including private equity fund
investors, family offices and ultra-high net worth individuals. The
SPE Fund LP will be a sister fund to Gresham House Strategic plc
with both vehicles investing and divesting in the same
opportunities. GHS and the SPE Fund LP will be managed by the same
investment committee and investment team led by Tony Dalwood and
Graham Bird.
The increased size of the shared SPE mandate will enable the
investment team to combine the investment capacity of GHS and the
SPE Fund LP to access larger deals of greater unit size.
Anthony Dalwood, CEO of Gresham House, said:
"Launching a limited partnership vehicle is part of our approach
to grow assets under management organically. I am very pleased with
the initial investor demand which includes strong support from a
pension fund cornerstone investor. This is a strong endorsement for
our Strategic Public Equity strategy.
"The Private Equity approach to smaller quoted companies has
generated a pipeline of primary growth capital opportunities
alongside secondary and pre-IPO potential investments."
Enquiries:
Gresham House plc
Anthony (Tony) Dalwood 020 3837 6270
Liberum Capital Ltd
Neil Elliot
Jill Li 020 3100 2000
Montfort Communications, greshamhouse@montfort.london
PR Adviser 0203 770 7906
Gay Collins
Rory King
This information is provided by RNS
The company news service from the London Stock Exchange
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