By Rupert Taylor on Thursday 23 July 2015
AltFi understands that the P2P GI’s latest capital raise will close early today at the full planned size amidst ‘very strong’ demand. After initially announcing an issue of in excess of £250m in a new C shares the fund manager then confirmed a raise of up to £400m after receiving enthusiastic support from institutional investors on the pre-marketing road show.
AltFi has learnt that the deal will close earlier than scheduled today as a result of very strong demand from existing institutional investors, and at the maximum size of £400m. This latest indication of investor support is particularly impressive in the light of the raft similar equity listed vehicles’ that have recently launched, or announced a planned intention to launch. It seems that P2P GI is increasingly cementing its position as the market leader in this space as we suggested when we reported on the prospectus some weeks ago.
When asked to comment earlier this morning Simon Champ CEO of the P2P GI fund manager Eaglewood Europe said “We see such strong support from our existing list of high quality institutional share holders as re-confirmation of our investment approach in this new asset class”.
The first day of trading in the new shares will be the 28th of July.