Gresham House has reported “positive fundraising momentum” in the first quarter totalling more than £300m, citing the “strength” of alternative assets against an otherwise volatile backdrop.
So far this year, the group has raised £300m for its underlying funds across institutional, wholesale and private client distribution channels, according to a trading update. Strategic Equity generated net inflows of £140m, with £70m raised across the VCT business as both Baronsmead and Mobeus VCT fundraises reached their maximum fundraising targets in the first quarter. Meanwhile, Gresham House's open-ended equity funds recorded net inflows of approximately £70m during the period. In real assets, the group held a number of fundraising closes in the quarter, increasing commitments ...
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