Seneca IM continues to back Merian Chrysalis after latest fundraising 'turnaround'

£95m raised early this month

Mike Sheen
Richard Parfect of Seneca Investment Managers

Richard Parfect of Seneca Investment Managers

Seneca Investment Managers once again added to its position in Merian Chrysalis as part of the trust's latest fundraising effort, the success of which indicates "one hell of a turnaround" in investor sentiment since its 2018 initial public offering (IPO), according to Seneca fund manager Richard Parfect.

Merian Chrysalis raised £95m for an equity placing on the London Stock Exchange earlier in October, almost doubling the fundraising target it set at the end of September and having already exceeded the...

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