Buxton's Merian plans first trust launch investing in unquoted companies

Raising £200m

Jayna Rana
Richard Buxton's Merian set to launch investment trust

Richard Buxton's Merian set to launch investment trust

Merian Global Investors - the new name for Old Mutual Global Investors - is planning to launch its first closed-ended fund, the Merian Chrysalis Investment Company, which will invest primarily in unquoted companies.

The company is targetting a fundraising of £200m via an initial placing and a 12-month placing programme will also be launched. This will be the first fund launch following OMGI's rebrand to Merian Global Investors, which comes into effect at the beginning of October. Merian Chrysalis Investment Company aims to generate long-term capital growth through investing in a portfolio consisting primarily of equity or equity related investments in unquoted companies. It will look to invest in attractively valued minority, private investments with long-term growth rates substantially better th...

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