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

£95m raised early this month

Mike Sheen
clock
Richard Parfect of Seneca Investment Managers
Image:

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...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

abrdn fund managers across sectors give their outlooks for 2022

abrdn fund managers across sectors give their outlooks for 2022

As we approach the end of 2021 fund managers from across abrdn have gazed into their crystal balls and made predictions for next year.

abrdn
clock 07 December 2021 • 1 min read
All the latest news, analysis and content about the Covid-19 outbreak

Coronavirus Blog: Fresh travel restrictions and trials for antiviral pill before Christmas

Latest news and reaction

Investment Week
clock 06 December 2021 • 1 min read
Market Movers Blog: OPEC to monitor pandemic closely as it agrees to maintain output hike

Market Movers Blog: US sees job growth below expectations for November

Latest news and analysis

Investment Week
clock 03 December 2021 • 1 min read
Trustpilot