‘Skin in the game’ disclosure demand Interactive Investor, the direct-to-consumer investment platform, has called for fund managers to be forced to disclose whether they invest in the funds that they manage. It has written to the Financial Conduct Authority and the Financial Services Consumer Panel, calling for measures to be brought in similar to those in […]
Cordiant placing underscores digital demand – Cordiant Digital Infrastructure says its C share issue raised £185m – it will issue 185m shares at £1 per C share. The company has a pipeline of investments lined up. [This comes very shortly after this morning’s announcement from Digital 9 Infrastructure that it raised £175m from investors. Cordiant’s […]
VPC Speciality Lending lifted by Dave – VPC Impact Acquisition Holdings III, a special purpose acquisition company (SPAC) sponsored by an affiliate of Victory Park Capital has agreed to combine with Dave Inc. VPC Specialty Lending Investments currently owns 1,021,630 Class B Shares and 829,154 private placement warrants in the SPAC, which it bought for an aggregate […]
Oakley backs German e-commerce companies – Oakley Capital Origin Fund has acquired controlling stakes in Afterbuy and DreamRobot, two leading providers of e-commerce software in the German-speaking region, which will be combined to become the newly formed ECOMMERCE ONE Group. The two companies provide a comprehensive suite of Software as a Service (“SaaS”) solutions for small […]
QD view – on drugs… and other aspects of healthcare. Rate worries hitting growth stocks After delivering impressive returns last year, the tech and biotech sectors have stumbled a bit recently. It seems unfair that trusts such as Polar Capital Technology and Allianz Technology are now trading on discounts. However, some investors are worried about […]
Triple Point Energy Efficiency publishes first results – these cover the period from launch on 19 October 2020 to 31 March 2021. The company launched with £100m, adjusting this for the launch costs, it started life with £98m of net assets or 98p per share. At the end of March, that had fallen slightly to […]
Octopus Renewables buys Scottish wind farm – Octopus Renewables Infrastructure Trust has signed a share purchase agreement to acquire 100% of the rights to construct the Cumberhead Wind Farm, a 50MW onshore wind farm located in South Lanarkshire, Scotland. The vendor was RDC Partners LLP. Completion of the acquisition is conditional upon achieving ready-to-build status which […]
Home REIT adds 314 more beds for homeless people – Home REIT has bought a further 14 separate portfolios of properties located across England for an aggregate purchase price of £47.1m (including acquisition costs). Following this deal, it has invested all of its IPO proceeds plus over 40% of its £120m 12-year debt facility, the remainder of […]
Aurora Investment Trust has published results for the year ended 31 December 2020. The NAV total return for the year was -5.3%, 4.5% better than the -9.8% delivered by the All-Share Index. This earned Phoenix (the manager) a performance fee (this is the only way it gets paid – there is no baseline management fee). It received […]
In QuotedData’s morning briefing 3 June 2021: Round Hill Music Royalty Fund says that Josh Gruss, CEO and chairman of its manager, has opted to receive 2m shares in Round Hill Music Royalty Fund in exchange for his interest in the catalogues that the fund acquired recently. Josh is handing over 950,000 of these to establish […]
